Whittier Trust Co. increased its position in HDFC Bank Limited (NYSE:HDB – Get Rating) by 29.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,127 shares of the bank's stock after acquiring an additional 1,164 shares during the period. Whittier Trust Co.'s holdings in HDFC Bank were worth $300,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of HDB. Helios Capital Management PTE. Ltd. boosted its stake in HDFC Bank by 8.8% in the 3rd quarter. Helios Capital Management PTE. Ltd. now owns 54,200 shares of the bank's stock worth $3,166,000 after purchasing an additional 4,400 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of HDFC Bank by 3.8% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 900,921 shares of the bank's stock worth $52,632,000 after acquiring an additional 33,146 shares in the last quarter. Northcape Capital Pty Ltd increased its position in shares of HDFC Bank by 1.5% in the third quarter. Northcape Capital Pty Ltd now owns 2,476,934 shares of the bank's stock valued at $144,702,000 after buying an additional 36,083 shares in the last quarter. Koshinski Asset Management Inc. acquired a new position in HDFC Bank during the third quarter worth $505,000. Finally, Cabot Wealth Management Inc. raised its position in shares of HDFC Bank by 5.7% during the 3rd quarter. Cabot Wealth Management Inc. now owns 333,308 shares of the bank's stock worth $19,472,000 after purchasing an additional 17,865 shares during the last quarter. Hedge funds and other institutional investors own 17.50% of the company's stock.Get HDFC Bank alerts:
Analyst Upgrades and Downgrades
Separately, StockNews.com assumed coverage on HDFC Bank in a report on Wednesday, October 12th. They issued a "hold" rating for the company.
HDFC Bank Stock PerformanceNYSE:HDB opened at $68.41 on Tuesday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.96. The company has a market cap of $126.46 billion, a price-to-earnings ratio of 23.43, a price-to-earnings-growth ratio of 1.19 and a beta of 0.80. The company has a fifty day simple moving average of $67.05 and a two-hundred day simple moving average of $62.68. HDFC Bank Limited has a 52 week low of $50.61 and a 52 week high of $72.20.
HDFC Bank (NYSE:HDB – Get Rating) last issued its earnings results on Monday, October 17th. The bank reported $0.75 EPS for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. HDFC Bank had a net margin of 23.11% and a return on equity of 16.60%. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.60 billion. As a group, equities analysts anticipate that HDFC Bank Limited will post 2.91 earnings per share 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. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company 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, overdrafts against fixed deposits, and sweep-in facilities.
- Get a free copy of the StockNews.com research report on HDFC Bank (HDB)
- Tyson Foods: Growth, Momentum, Growth At A Reasonable Price
- Can Duke Energy Stock Continue Powering Higher?
- Ready for a Recession? Here's One Defensive Stock You Can't Miss
- Should You Store Your Capital in Pure Storage Stock?
- Is it Time to Back up the Truck on Ford Stock?
Want to see what other hedge funds are holding HDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HDFC Bank Limited (NYSE:HDB – Get Rating).
Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with MarketBeat.com's FREE daily email newsletter.