Tpg Gp A LLC trimmed its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 13.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 965,145 shares of the bank's stock after selling 149,303 shares during the period. HDFC Bank makes up about 1.0% of Tpg Gp A LLC's investment portfolio, making the stock its 20th biggest position. Tpg Gp A LLC's holdings in HDFC Bank were worth $61,634,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FIL Ltd lifted its holdings in HDFC Bank by 17.5% during 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 during the last quarter. Temasek Holdings Private Ltd raised its stake in shares of HDFC Bank by 2.3% in the fourth quarter. Temasek Holdings Private Ltd now owns 8,557,788 shares of the bank's stock valued at $546,500,000 after acquiring an additional 190,566 shares during the last quarter. GQG Partners LLC raised its stake 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 valued at $503,431,000 after acquiring an additional 3,364,114 shares during the last quarter. FMR LLC raised its stake in shares of 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 acquiring an additional 914,289 shares during the last quarter. Finally, Royal Bank of Canada raised its stake in shares of HDFC Bank by 43.0% in the fourth quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock valued at $466,629,000 after acquiring an additional 2,196,315 shares during the last quarter. 17.61% of the stock is owned by institutional investors.
HDFC Bank Stock Performance
HDB stock opened at $72.95 on Monday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The company has a 50 day moving average price of $68.26 and a 200 day moving average price of $64.47. HDFC Bank Limited has a fifty-two week low of $55.00 and a fifty-two week high of $75.37. The stock has a market capitalization of $184.74 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63.
HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data 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. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The firm had revenue of $5.04 billion during the quarter, compared to analysts' expectations of $434.68 billion. Analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on HDB. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. StockNews.com upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. Finally, Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd.
Get Our Latest Stock Report on HDFC Bank
HDFC Bank Company Profile
(
Free Report)
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.
Further Reading
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