HDFC Bank Limited (NYSE:HDB) Shares Bought by Genesis Investment Management LLP

Posted by Defense World Staff on Apr 2nd, 2023

Genesis Investment Management LLP raised its stake in HDFC Bank Limited (NYSE:HDB – Get Rating) by 5.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 338,533 shares of the bank’s stock after purchasing an additional 17,728 shares during the quarter. HDFC Bank comprises approximately 2.6% of Genesis Investment Management LLP’s holdings, making the stock its 12th biggest holding. Genesis Investment Management LLP’s holdings in HDFC Bank were worth $23,159,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Naples Global Advisors LLC acquired a new position in shares of HDFC Bank in the 4th quarter valued at $235,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of HDFC Bank by 8.5% during the 4th quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 18,539 shares of the bank’s stock valued at $1,268,000 after acquiring an additional 1,445 shares in the last quarter. Pendal Group Ltd lifted its holdings in shares of HDFC Bank by 2.2% during the 4th quarter. Pendal Group Ltd now owns 2,002,423 shares of the bank’s stock valued at $114,843,000 after acquiring an additional 43,183 shares in the last quarter. LVW Advisors LLC lifted its holdings in shares of HDFC Bank by 49.1% during the 4th quarter. LVW Advisors LLC now owns 8,058 shares of the bank’s stock valued at $551,000 after acquiring an additional 2,655 shares in the last quarter. Finally, Ritholtz Wealth Management lifted its holdings in shares of HDFC Bank by 5.9% during the 4th quarter. Ritholtz Wealth Management now owns 14,027 shares of the bank’s stock valued at $960,000 after acquiring an additional 781 shares in the last quarter. Institutional investors and hedge funds own 17.50% of the company’s stock.

HDFC Bank Stock Performance

NYSE:HDB opened at $66.67 on Friday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $123.24 billion, a price-to-earnings ratio of 22.30, a PEG ratio of 1.30 and a beta of 0.75. The firm’s fifty day simple moving average is $66.68 and its 200 day simple moving average is $65.59. HDFC Bank Limited has a twelve month low of $50.61 and a twelve month high of $71.76.

HDFC Bank (NYSE:HDB – Get Rating) last posted its earnings results on Saturday, January 14th. The bank reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. The business had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.69 billion. HDFC Bank had a net margin of 22.90% and a return on equity of 16.86%. As a group, equities research analysts expect that HDFC Bank Limited will post 2.91 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of HDFC Bank in a report on Thursday, March 16th. They set a “hold” rating on the stock.

HDFC Bank Company Profile

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HDFC Bank Ltd. engages in the provision of banking and financial services, including commercial banking and treasury operations. The firm also provides financial services to upper and middle income individuals and corporations in India. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking and Other Banking Operations.