HDFC Bank Limited (NYSE:HDB) Holdings Lifted by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd increased its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,557,788 shares of the bank's stock after buying an additional 190,566 shares during the period. HDFC Bank comprises about 2.2% of Temasek Holdings Private Ltd's investment portfolio, making the stock its 15th largest position. Temasek Holdings Private Ltd owned approximately 0.34% of HDFC Bank worth $546,500,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in HDB. FIL Ltd increased its position 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 worth $1,115,451,000 after purchasing an additional 2,599,337 shares during the last quarter. GQG Partners LLC grew its stake in 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 purchasing an additional 3,364,114 shares in the last quarter. FMR LLC increased its holdings in HDFC Bank by 13.3% in 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 last quarter. Royal Bank of Canada raised its stake in HDFC Bank by 43.0% during the fourth quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock valued at $466,629,000 after buying an additional 2,196,315 shares in the last quarter. Finally, Schroder Investment Management Group lifted its holdings in HDFC Bank by 82.1% during the 4th 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 during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HDB shares. Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd. Finally, Nomura Securities raised shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.

HDFC Bank Stock Performance

HDB stock traded up $1.16 during midday trading on Friday, reaching $73.88. The company had a trading volume of 729,874 shares, compared to its average volume of 2,818,102. The firm has a market capitalization of $187.07 billion, a PE ratio of 22.45, a P/E/G ratio of 2.12 and a beta of 0.63. The stock has a 50 day moving average price of $69.25 and a 200 day moving average price of $64.73. HDFC Bank Limited has a fifty-two week low of $55.00 and a fifty-two week high of $75.37. 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 (NYSE:HDB - Get Free Report) last released its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The business had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

About HDFC Bank

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.