HDFC Bank Limited (NYSE:HDB) is Channing Global Advisors LLC's 9th Largest Position

Channing Global Advisors LLC increased its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 101.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,886 shares of the bank's stock after purchasing an additional 42,326 shares during the period. HDFC Bank makes up about 3.8% of Channing Global Advisors LLC's holdings, making the stock its 9th biggest holding. Channing Global Advisors LLC's holdings in HDFC Bank were worth $5,573,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC boosted its position in HDFC Bank by 6.8% during the 1st quarter. GAMMA Investing LLC now owns 2,391 shares of the bank's stock valued at $159,000 after buying an additional 153 shares during the period. Waverton Investment Management Ltd boosted its position in HDFC Bank by 1.0% during the 4th quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank's stock valued at $1,275,000 after buying an additional 203 shares during the period. Brown Brothers Harriman & Co. boosted its position in HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after buying an additional 240 shares during the period. Level Four Advisory Services LLC boosted its position in HDFC Bank by 3.6% during the 4th quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank's stock valued at $438,000 after buying an additional 241 shares during the period. Finally, Portside Wealth Group LLC boosted its position in HDFC Bank by 2.7% during the 1st quarter. Portside Wealth Group LLC now owns 9,014 shares of the bank's stock valued at $599,000 after buying an additional 241 shares during the period. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Up 0.4%

Shares of HDB opened at $74.68 on Friday. The stock has a market capitalization of $189.12 billion, a P/E ratio of 22.63, a PEG ratio of 1.78 and a beta of 0.64. The company has a quick ratio of 0.09, a current ratio of 0.07 and a debt-to-equity ratio of 1.26. The firm has a fifty day simple moving average of $73.40 and a two-hundred day simple moving average of $66.26. HDFC Bank Limited has a twelve month low of $57.24 and a twelve month high of $77.76.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a net margin of 15.02% and a return on equity of 13.85%. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. On average, research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th.

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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