Sustainable Growth Advisers LP increased its holdings in HDFC Bank Limited (NYSE:HDB – Free Report) by 1.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,159,381 shares of the bank’s stock after purchasing an additional 54,704 shares during the quarter. Sustainable Growth Advisers LP’s holdings in HDFC Bank were worth $277,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently modified their holdings of the company. Thompson Investment Management Inc. purchased a new stake in HDFC Bank in the first quarter worth about $34,000. OLD Mission Capital LLC purchased a new stake in HDFC Bank in the fourth quarter worth about $37,000. Ridgewood Investments LLC purchased a new stake in HDFC Bank in the first quarter worth about $37,000. Edmond DE Rothschild Holding S.A. purchased a new stake in HDFC Bank in the fourth quarter worth about $40,000. Finally, Resurgent Financial Advisors LLC purchased a new stake in HDFC Bank in the fourth quarter worth about $40,000. 17.71% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of HDFC Bank in a report on Monday, July 17th. They issued a “buy” rating for the company. StockNews.com initiated coverage on shares of HDFC Bank in a report on Thursday, August 17th. They issued a “hold” rating for the company. Finally, The Goldman Sachs Group initiated coverage on shares of HDFC Bank in a report on Tuesday, June 20th. They set a “buy” rating for the company.
HDFC Bank Price Performance
HDB stock opened at $62.98 on Wednesday. The firm has a 50 day moving average price of $67.40 and a 200-day moving average price of $67.12. HDFC Bank Limited has a 52-week low of $55.22 and a 52-week high of $71.76. The firm has a market capitalization of $117.14 billion, a price-to-earnings ratio of 19.68, a PEG ratio of 1.43 and a beta of 0.76. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.36 and a current ratio of 0.36.
HDFC Bank (NYSE:HDB – Get Free Report) last released its earnings results on Monday, July 17th. The bank reported $0.80 earnings per share (EPS) for the quarter. HDFC Bank had a net margin of 22.03% and a return on equity of 17.31%. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $3.93 billion. Equities research analysts forecast that HDFC Bank Limited will post 2.86 EPS for the current fiscal year.
HDFC Bank Company 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.
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