Ninety One SA PTY Ltd Has $9.98 Million Position in HDFC Bank Limited (NYSE:HDB)

Ninety One SA PTY Ltd lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 27.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 148,712 shares of the bank's stock after purchasing an additional 31,692 shares during the quarter. HDFC Bank comprises about 1.5% of Ninety One SA PTY Ltd's investment portfolio, making the stock its 24th biggest position. Ninety One SA PTY Ltd's holdings in HDFC Bank were worth $9,980,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HDB. Skandinaviska Enskilda Banken AB publ acquired a new position in HDFC Bank in the third quarter valued at $27,000. NBC Securities Inc. acquired a new position in HDFC Bank in the third quarter valued at $29,000. Resurgent Financial Advisors LLC acquired a new position in HDFC Bank in the fourth quarter valued at $40,000. FinTrust Capital Advisors LLC boosted its holdings in HDFC Bank by 36.4% in the third quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank's stock valued at $41,000 after acquiring an additional 185 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in HDFC Bank by 44.7% in the third quarter. Signaturefd LLC now owns 848 shares of the bank's stock valued at $50,000 after acquiring an additional 262 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Trading Up 1.0 %

HDFC Bank stock traded up $0.59 during midday trading on Thursday, reaching $57.41. The stock had a trading volume of 3,342,735 shares, compared to its average volume of 3,616,516. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $71.39. The stock has a market capitalization of $106.78 billion, a PE ratio of 17.72, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.52. The stock's 50-day simple moving average is $55.58 and its 200 day simple moving average is $58.58.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Tuesday, January 16th. The bank reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.11. The company had revenue of $8.62 billion for the quarter, compared to analysts' expectations of $5.67 billion. HDFC Bank had a return on equity of 15.98% and a net margin of 17.34%. Analysts expect that HDFC Bank Limited will post 2.71 EPS 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.