Whittier Trust Co. Raises Stake in HDFC Bank Limited (NYSE:HDB)

Whittier Trust Co. increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 51.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,739 shares of the bank’s stock after buying an additional 6,692 shares during the period. Whittier Trust Co.’s holdings in HDFC Bank were worth $1,261,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock valued at $213,851,000 after acquiring an additional 3,262,442 shares during the period. Robeco Institutional Asset Management B.V. grew its holdings in HDFC Bank by 172.6% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock valued at $215,909,000 after purchasing an additional 2,140,591 shares during the period. Egerton Capital UK LLP purchased a new stake in HDFC Bank in the fourth quarter worth $72,833,000. FMR LLC raised its stake in shares of HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after buying an additional 1,114,210 shares during the period. Finally, DJE Kapital AG purchased a new position in shares of HDFC Bank during the 4th quarter valued at $54,055,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

NYSE:HDB opened at $64.54 on Friday. HDFC Bank Limited has a 52-week low of $54.07 and a 52-week high of $68.50. The business’s fifty day moving average is $60.26 and its 200 day moving average is $62.47. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market cap of $163.42 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

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.