Franklin Resources Inc. Has $149.47 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Franklin Resources Inc. boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,044,171 shares of the bank’s stock after buying an additional 40,273 shares during the quarter. Franklin Resources Inc. owned approximately 0.11% of HDFC Bank worth $149,470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. FIL Ltd grew its position in shares of HDFC Bank by 17.5% in the first quarter. FIL Ltd now owns 8,960,209 shares of the bank’s stock valued at $696,118,000 after purchasing an additional 1,333,013 shares during the last quarter. Sarasin & Partners LLP grew its position in HDFC Bank by 110.2% during the second quarter. Sarasin & Partners LLP now owns 2,273,193 shares of the bank’s stock worth $166,216,000 after buying an additional 1,191,548 shares in the last quarter. WCM Investment Management LLC grew its position in HDFC Bank by 3.1% during the first quarter. WCM Investment Management LLC now owns 35,806,398 shares of the bank’s stock worth $2,781,799,000 after buying an additional 1,063,713 shares in the last quarter. Impax Asset Management Group plc lifted its stake in shares of HDFC Bank by 32.1% in the 2nd quarter. Impax Asset Management Group plc now owns 3,796,383 shares of the bank’s stock valued at $277,592,000 after acquiring an additional 922,570 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of HDFC Bank by 153.3% in the 1st quarter. Bank of New York Mellon Corp now owns 1,513,566 shares of the bank’s stock valued at $117,589,000 after acquiring an additional 916,136 shares during the last quarter. 17.54% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:HDB opened at $74.16 on Thursday. The firm has a market cap of $136.28 billion, a P/E ratio of 30.90, a P/E/G ratio of 1.28 and a beta of 0.77. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.79. HDFC Bank Limited has a 12-month low of $54.35 and a 12-month high of $84.70. The business has a fifty day simple moving average of $75.09 and a 200 day simple moving average of $73.86.

HDFC Bank (NYSE:HDB) last announced its earnings results on Sunday, July 18th. The bank reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.02. The business had revenue of $3.35 billion during the quarter. HDFC Bank had a return on equity of 15.71% and a net margin of 20.64%. As a group, equities research analysts expect that HDFC Bank Limited will post 2.72 EPS for the current year.

Separately, Zacks Investment Research cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Friday, October 1st.

HDFC Bank Profile

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.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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