Capital Research Global Investors Reduces Holdings in HDFC Bank Limited (NYSE:HDB)

Capital Research Global Investors trimmed its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,509,833 shares of the bank's stock after selling 63,993 shares during the quarter. Capital Research Global Investors owned approximately 0.10% of HDFC Bank worth $160,278,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FIL Ltd lifted its stake in HDFC Bank by 17.5% in the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after purchasing an additional 2,599,337 shares in the last quarter. GQG Partners LLC raised its position in shares of HDFC Bank by 74.4% in the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock worth $503,431,000 after buying an additional 3,364,114 shares in the last quarter. FMR LLC boosted its stake in HDFC Bank by 13.3% during the fourth quarter. FMR LLC now owns 7,793,113 shares of the bank's stock valued at $497,668,000 after buying an additional 914,289 shares during the period. Schroder Investment Management Group grew its position in HDFC Bank by 82.1% during the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock worth $447,584,000 after buying an additional 3,160,533 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of HDFC Bank by 1.7% in the 4th quarter. Franklin Resources Inc. now owns 6,917,816 shares of the bank's stock valued at $441,772,000 after acquiring an additional 113,988 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Price Performance

Shares of HDFC Bank stock traded up $0.17 during trading on Friday, hitting $72.17. 2,922,107 shares of the stock traded hands, compared to its average volume of 2,827,154. The stock has a market cap of $182.76 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 2.12 and a beta of 0.68. 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 firm's fifty day moving average is $64.54 and its 200-day moving average is $63.43.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The business had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently commented on HDB. StockNews.com raised HDFC Bank from a "sell" rating to a "hold" rating in a report on Thursday. Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a 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 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.