OVERSEA CHINESE BANKING Corp Ltd Raises Stock Holdings in HDFC Bank Limited (NYSE:HDB)

OVERSEA CHINESE BANKING Corp Ltd increased its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 205.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 152,430 shares of the bank's stock after buying an additional 102,490 shares during the period. OVERSEA CHINESE BANKING Corp Ltd's holdings in HDFC Bank were worth $10,228,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in HDFC Bank in the 3rd quarter worth approximately $27,000. NBC Securities Inc. acquired a new stake in shares of HDFC Bank in the 3rd quarter worth $29,000. Resurgent Financial Advisors LLC acquired a new stake in shares of HDFC Bank in the 4th quarter worth $40,000. FinTrust Capital Advisors LLC increased its position in shares of HDFC Bank by 36.4% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank's stock worth $41,000 after purchasing an additional 185 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of HDFC Bank by 44.7% during the 3rd quarter. Signaturefd LLC now owns 848 shares of the bank's stock worth $50,000 after purchasing an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Up 2.9 %

Shares of NYSE:HDB traded up $1.67 during midday trading on Friday, reaching $59.05. 4,296,668 shares of the company's stock were exchanged, compared to its average volume of 2,736,084. The firm's 50 day simple moving average is $55.68 and its two-hundred day simple moving average is $58.59. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $71.39. The stock has a market cap of $109.83 billion, a price-to-earnings ratio of 18.23, a P/E/G ratio of 1.42 and a beta of 0.87. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.52 and a quick ratio of 0.52.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 16th. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.11. HDFC Bank had a return on equity of 15.98% and a net margin of 17.34%. The business had revenue of $8.62 billion during the quarter, compared to analysts' expectations of $5.67 billion. As a group, sell-side analysts forecast that HDFC Bank Limited will post 2.71 EPS for the current fiscal year.

HDFC Bank Company Profile

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.