Signaturefd LLC Has $1.88 Million Stake in HDFC Bank Limited (NYSE:HDB)

Signaturefd LLC increased its position in HDFC Bank Limited (NYSE:HDB) by 3.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,079 shares of the bank’s stock after purchasing an additional 914 shares during the quarter. Signaturefd LLC’s holdings in HDFC Bank were worth $1,882,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Baillie Gifford & Co. boosted its position in shares of HDFC Bank by 2.3% during the 2nd quarter. Baillie Gifford & Co. now owns 11,533,215 shares of the bank’s stock valued at $741,932,000 after acquiring an additional 263,690 shares in the last quarter. Sustainable Growth Advisers LP boosted its holdings in HDFC Bank by 24.1% during the first quarter. Sustainable Growth Advisers LP now owns 8,824,089 shares of the bank’s stock valued at $493,884,000 after purchasing an additional 1,711,784 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of HDFC Bank by 11.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,791,134 shares of the bank’s stock valued at $308,214,000 after purchasing an additional 486,653 shares during the period. PineStone Asset Management Inc. raised its holdings in shares of HDFC Bank by 115.1% in the 2nd quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank’s stock worth $287,488,000 after buying an additional 2,391,343 shares in the last quarter. Finally, Capital World Investors lifted its position in shares of HDFC Bank by 208.6% during the 1st quarter. Capital World Investors now owns 4,124,751 shares of the bank’s stock worth $230,862,000 after buying an additional 2,788,197 shares during the period. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Down 0.6 %

NYSE HDB opened at $63.14 on Wednesday. The stock’s 50 day simple moving average is $61.83 and its 200 day simple moving average is $60.31. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.51 and a quick ratio of 0.51. HDFC Bank Limited has a one year low of $52.16 and a one year high of $67.44. The firm has a market cap of $117.43 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.95 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.27. The business had revenue of $14.03 billion for the quarter, compared to the consensus estimate of $4.81 billion. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. As a group, sell-side analysts forecast that HDFC Bank Limited will post 2.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HDB has been the topic of a number of analyst reports. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd.

HDFC Bank 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.