HDFC Bank Limited (NYSE:HDB) Shares Purchased by Waverton Investment Management Ltd

Waverton Investment Management Ltd boosted its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 27.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 25,403 shares of the bank's stock after purchasing an additional 5,440 shares during the period. Waverton Investment Management Ltd's holdings in HDFC Bank were worth $1,688,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GQG Partners LLC increased its stake in HDFC Bank by 74.4% during the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock worth $503,431,000 after purchasing an additional 3,364,114 shares during the period. Schroder Investment Management Group raised its holdings in shares of 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 in the last quarter. FIL Ltd raised its holdings in shares of HDFC Bank by 17.5% in the 4th 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 in the last quarter. Royal Bank of Canada lifted its position in shares of HDFC Bank by 43.0% during the 4th quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock worth $466,629,000 after purchasing an additional 2,196,315 shares during the last quarter. Finally, National Bank of Canada FI grew its stake in shares of 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

Shares of HDB opened at $77.05 on Friday. The company has a market capitalization of $195.11 billion, a price-to-earnings ratio of 23.35, a price-to-earnings-growth ratio of 1.81 and a beta of 0.64. HDFC Bank Limited has a 52-week low of $57.24 and a 52-week high of $78.14. 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 stock has a 50 day moving average price of $73.89 and a 200 day moving average price of $66.49.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $434.68 billion. Research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.

HDFC Bank 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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