Impax Asset Management Group plc lifted its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,771,491 shares of the bank's stock after acquiring an additional 160,220 shares during the quarter. HDFC Bank accounts for approximately 1.6% of Impax Asset Management Group plc's holdings, making the stock its 13th largest position. Impax Asset Management Group plc owned 0.31% of HDFC Bank worth $386,431,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ acquired a new position in HDFC Bank during the 3rd quarter valued at approximately $27,000. NBC Securities Inc. acquired a new position in HDFC Bank during the 3rd quarter valued at approximately $29,000. Resurgent Financial Advisors LLC acquired a new position in HDFC Bank during the 4th quarter valued at approximately $40,000. FinTrust Capital Advisors LLC boosted its position in HDFC Bank by 36.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank's stock valued at $41,000 after purchasing an additional 185 shares during the period. Finally, Signaturefd LLC boosted its position in HDFC Bank by 44.7% during the 3rd quarter. Signaturefd LLC now owns 848 shares of the bank's stock valued at $50,000 after purchasing an additional 262 shares during the period. Institutional investors and hedge funds own 17.61% of the company's stock.
HDFC Bank Stock Performance
NYSE:HDB traded down $0.40 during midday trading on Tuesday, reaching $59.00. 2,437,965 shares of the company traded hands, compared to its average volume of 3,697,360. The company has a fifty day moving average price of $55.31 and a 200 day moving average price of $58.65. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a market capitalization of $109.73 billion, a price-to-earnings ratio of 18.21, a price-to-earnings-growth ratio of 1.46 and a beta of 0.87. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $71.39.
HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Tuesday, January 16th. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.11. The firm had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $5.67 billion. HDFC Bank had a return on equity of 15.98% and a net margin of 17.34%. On average, analysts expect that HDFC Bank Limited will post 2.71 EPS for the current fiscal year.
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.
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