HDFC Bank Limited (NYSE:HDB) Shares Purchased by Northern Trust Corp

Northern Trust Corp boosted its stake in HDFC Bank Limited (NYSE:HDB) by 52.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 1,015,588 shares of the bank’s stock after acquiring an additional 347,488 shares during the period. Northern Trust Corp’s holdings in HDFC Bank were worth $64,855,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. GQG Partners LLC raised its stake in shares of HDFC Bank by 74.4% in the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock valued at $503,431,000 after acquiring an additional 3,364,114 shares during the period. Schroder Investment Management Group increased its holdings in HDFC Bank by 82.1% in the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock valued at $447,584,000 after purchasing an additional 3,160,533 shares during the last quarter. FIL Ltd raised its position in HDFC Bank by 17.5% in the fourth quarter. FIL Ltd now owns 17,467,131 shares of the bank’s stock valued at $1,115,451,000 after purchasing an additional 2,599,337 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake 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 worth $215,909,000 after purchasing an additional 2,140,591 shares in the last quarter. Finally, National Bank of Canada FI lifted its stake in HDFC Bank by 3,535.1% during the fourth quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank’s stock worth $122,718,000 after purchasing an additional 1,868,804 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

NYSE:HDB opened at $73.08 on Wednesday. The company has a market cap of $185.05 billion, a price-to-earnings ratio of 22.21, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $75.37. The company has a fifty day simple moving average of $66.34 and a two-hundred day simple moving average of $64.02.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.11. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, equities analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HDB. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

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.