Egerton Capital UK LLP Acquires New Stake in HDFC Bank Limited (NYSE:HDB)

Egerton Capital UK LLP purchased a new position in shares of HDFC Bank Limited (NYSE:HDB) during the 4th quarter, Holdings Channel reports. The fund purchased 1,140,511 shares of the bank’s stock, valued at approximately $72,833,000. HDFC Bank makes up approximately 0.8% of Egerton Capital UK LLP’s investment portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HDB. Whipplewood Advisors LLC acquired a new position in shares of HDFC Bank during the 4th quarter worth about $29,000. Pin Oak Investment Advisors Inc. grew its stake in HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after buying an additional 254 shares during the last quarter. Sierra Ocean LLC acquired a new position in HDFC Bank in the 4th quarter valued at about $42,000. Kestra Investment Management LLC acquired a new position in HDFC Bank in the 4th quarter valued at about $60,000. Finally, JFS Wealth Advisors LLC grew its stake in HDFC Bank by 52.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock valued at $65,000 after buying an additional 351 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

HDB has been the topic of a number of research reports. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Finally, Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Stock Performance

Shares of HDFC Bank stock opened at $59.93 on Wednesday. The company has a 50 day moving average of $60.19 and a 200-day moving average of $62.44. HDFC Bank Limited has a 1-year low of $54.07 and a 1-year high of $68.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a market cap of $151.76 billion, a PE ratio of 18.22, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, equities research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

HDFC Bank Company 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.