Schechter Investment Advisors LLC Grows Stake in HDFC Bank Limited (NYSE:HDB)

Schechter Investment Advisors LLC increased its position in HDFC Bank Limited (NYSE:HDB) by 9.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,732 shares of the bank’s stock after acquiring an additional 1,079 shares during the quarter. Schechter Investment Advisors LLC’s holdings in HDFC Bank were worth $854,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Morgan Stanley lifted its stake in shares of HDFC Bank by 5.1% in the 3rd quarter. Morgan Stanley now owns 14,886,302 shares of the bank’s stock worth $878,441,000 after purchasing an additional 723,106 shares during the period. Baillie Gifford & Co. boosted its stake in shares of HDFC Bank by 183.8% during the 3rd quarter. Baillie Gifford & Co. now owns 9,560,478 shares of the bank’s stock worth $564,164,000 after acquiring an additional 6,191,548 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of HDFC Bank by 4.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,772,331 shares of the bank’s stock valued at $516,561,000 after acquiring an additional 410,884 shares during the period. Sustainable Growth Advisers LP increased its stake in shares of HDFC Bank by 2.2% in the 3rd quarter. Sustainable Growth Advisers LP now owns 6,933,843 shares of the bank’s stock worth $409,166,000 after purchasing an additional 146,980 shares in the last quarter. Finally, Impax Asset Management Group plc increased its stake in shares of HDFC Bank by 0.7% in the 3rd quarter. Impax Asset Management Group plc now owns 5,611,271 shares of the bank’s stock worth $330,376,000 after purchasing an additional 37,045 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDB opened at $55.64 on Thursday. The business has a 50-day simple moving average of $54.98 and a two-hundred day simple moving average of $59.05. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.78. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $71.39. The stock has a market cap of $103.49 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.41 and a beta of 0.87.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Tuesday, January 16th. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. HDFC Bank had a return on equity of 15.98% and a net margin of 17.34%. The company had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $5.67 billion. On average, analysts expect that HDFC Bank Limited will post 2.72 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.