Tpg Gp A LLC Trims Position in HDFC Bank Limited (NYSE:HDB)

TPG GP A LLC decreased its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 13.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 965,145 shares of the bank's stock after selling 149,303 shares during the quarter. HDFC Bank comprises about 1.0% of TPG GP A LLC's portfolio, making the stock its 20th largest holding. TPG GP A LLC's holdings in HDFC Bank were worth $61,634,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HDB. FIL Ltd lifted its position in HDFC Bank by 17.5% during the fourth 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 lifted its position in HDFC Bank by 2.3% during the fourth quarter. Temasek Holdings Private Ltd now owns 8,557,788 shares of the bank's stock valued at $546,500,000 after purchasing an additional 190,566 shares during the last quarter. GQG Partners LLC lifted its position in HDFC Bank by 74.4% during the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock valued at $503,431,000 after purchasing an additional 3,364,114 shares during the last quarter. FMR LLC lifted its position 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 purchasing an additional 914,289 shares during the last quarter. Finally, Royal Bank of Canada lifted its position 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 purchasing an additional 2,196,315 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

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

HDFC Bank Trading Up 1.7%

Shares of HDFC Bank stock traded up $1.25 during trading on Friday, hitting $73.97. The stock had a trading volume of 3,094,533 shares, compared to its average volume of 2,829,884. The firm's fifty day simple moving average is $69.49 and its 200-day simple moving average is $64.80. The stock has a market cap of $187.31 billion, a PE ratio of 22.48, a PEG ratio of 2.12 and a beta of 0.63. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank Limited has a 12 month low of $55.00 and a 12 month high of $75.37.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal 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.