HDFC Bank Limited (NYSE:HDB) Shares Acquired by Ninety One SA PTY Ltd

Ninety One SA PTY Ltd grew its stake in HDFC Bank Limited (NYSE:HDB) by 27.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 148,712 shares of the bank’s stock after purchasing an additional 31,692 shares during the quarter. HDFC Bank makes up 1.5% of Ninety One SA PTY Ltd’s holdings, 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 filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Baillie Gifford & Co. lifted its stake in shares of HDFC Bank by 183.8% in the third quarter. Baillie Gifford & Co. now owns 9,560,478 shares of the bank’s stock worth $564,164,000 after buying an additional 6,191,548 shares in the last quarter. PineStone Asset Management Inc. lifted its stake in shares of HDFC Bank by 363.2% in the third quarter. PineStone Asset Management Inc. now owns 3,139,056 shares of the bank’s stock worth $185,236,000 after buying an additional 2,461,325 shares in the last quarter. Hardman Johnston Global Advisors LLC lifted its stake in shares of HDFC Bank by 832.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 2,032,170 shares of the bank’s stock worth $136,379,000 after buying an additional 1,814,263 shares in the last quarter. BlackRock Inc. lifted its stake in shares of HDFC Bank by 57.1% in the first quarter. BlackRock Inc. now owns 4,838,182 shares of the bank’s stock worth $296,725,000 after buying an additional 1,757,638 shares in the last quarter. Finally, Aikya Investment Management Ltd purchased a new position in shares of HDFC Bank in the fourth quarter worth about $77,036,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of NYSE:HDB traded up $0.52 during midday trading on Thursday, hitting $57.34. The company’s stock had a trading volume of 1,523,472 shares, compared to its average volume of 3,602,574. The business’s 50 day simple moving average is $55.50 and its 200 day simple moving average is $58.58. 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 company has a market cap of $106.65 billion, a P/E ratio of 17.74, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $71.39.

HDFC Bank (NYSE:HDB) last issued its earnings results on Tuesday, January 16th. The bank reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. HDFC Bank had a net margin of 17.34% and a return on equity of 15.98%. The company had revenue of $8.62 billion for the quarter, compared to the consensus estimate of $5.67 billion. On average, analysts forecast 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.