Value Partners Investments Inc. Takes Position in HDFC Bank Limited (NYSE:HDB)

Value Partners Investments Inc. bought a new stake in shares of HDFC Bank Limited (NYSE:HDB) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 147,179 shares of the bank’s stock, valued at approximately $9,790,000. HDFC Bank accounts for approximately 0.8% of Value Partners Investments Inc.’s portfolio, making the stock its 22nd biggest holding.

A number of other institutional investors also recently modified their holdings of the business. GAMMA Investing LLC raised its holdings in shares of HDFC Bank by 6.8% during the 1st quarter. GAMMA Investing LLC now owns 2,391 shares of the bank’s stock worth $159,000 after buying an additional 153 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after buying an additional 240 shares in the last quarter. Level Four Advisory Services LLC raised its holdings in shares of HDFC Bank by 3.6% during the 4th quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank’s stock worth $438,000 after buying an additional 241 shares in the last quarter. Portside Wealth Group LLC raised its holdings in shares of HDFC Bank by 2.7% during the 1st quarter. Portside Wealth Group LLC now owns 9,014 shares of the bank’s stock worth $599,000 after buying an additional 241 shares in the last quarter. Finally, Norden Group LLC raised its holdings in shares of HDFC Bank by 6.0% during the 4th quarter. Norden Group LLC now owns 4,691 shares of the bank’s stock worth $300,000 after buying an additional 265 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of HDB opened at $75.96 on Thursday. HDFC Bank Limited has a 12-month low of $57.24 and a 12-month high of $77.76. The business has a 50-day simple moving average of $73.80 and a two-hundred day simple moving average of $66.43. The company has a quick ratio of 0.09, a current ratio of 0.07 and a debt-to-equity ratio of 1.26. The stock has a market cap of $192.35 billion, a PE ratio of 23.02, a PEG ratio of 1.79 and a beta of 0.64.

HDFC Bank (NYSE:HDB) last issued its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. The business had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $434.68 billion. Analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th.

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.