Ninety One North America Inc. Boosts Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Ninety One North America Inc. grew its holdings in HDFC Bank Limited (NYSE:HDB) by 12.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,978 shares of the bank’s stock after purchasing an additional 14,965 shares during the quarter. Ninety One North America Inc.’s holdings in HDFC Bank were worth $9,260,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Private Advisor Group LLC raised its stake in shares of HDFC Bank by 6.2% in the 1st quarter. Private Advisor Group LLC now owns 8,761 shares of the bank’s stock valued at $537,000 after acquiring an additional 511 shares during the period. BlackRock Inc. raised its stake in shares of HDFC Bank by 57.1% in the 1st quarter. BlackRock Inc. now owns 4,838,182 shares of the bank’s stock valued at $296,725,000 after acquiring an additional 1,757,638 shares during the period. Raymond James Trust N.A. raised its stake in shares of HDFC Bank by 6.1% in the 1st quarter. Raymond James Trust N.A. now owns 7,350 shares of the bank’s stock valued at $451,000 after acquiring an additional 421 shares during the period. Blair William & Co. IL increased its stake in HDFC Bank by 19.5% during the 1st quarter. Blair William & Co. IL now owns 17,819 shares of the bank’s stock worth $1,093,000 after buying an additional 2,903 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its stake in HDFC Bank by 6.5% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 38,877 shares of the bank’s stock worth $2,384,000 after buying an additional 2,387 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.1 %

HDB stock traded up $0.62 during mid-day trading on Thursday, hitting $57.44. 1,068,450 shares of the company were exchanged, compared to its average volume of 3,597,356. The company has a market capitalization of $106.83 billion, a PE ratio of 17.74, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $71.39. The firm has a fifty day simple moving average of $55.50 and a 200 day simple moving average of $58.58.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Tuesday, January 16th. The bank reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. HDFC Bank had a net margin of 17.34% and a return on equity of 15.98%. The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $5.67 billion. On average, research analysts forecast that HDFC Bank Limited will post 2.71 earnings per share for the current fiscal year.

HDFC Bank Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.