HDFC Bank Limited (NYSE:HDB) Shares Purchased by Eminence Capital LP

Eminence Capital LP boosted its position in HDFC Bank Limited (NYSE:HDB) by 6.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 997,536 shares of the bank’s stock after purchasing an additional 60,824 shares during the quarter. Eminence Capital LP’s holdings in HDFC Bank were worth $63,703,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HDB. FIL Ltd raised its position in shares of HDFC Bank by 17.5% in the fourth quarter. FIL Ltd now owns 17,467,131 shares of the bank’s stock valued at $1,115,451,000 after buying an additional 2,599,337 shares during the last quarter. GQG Partners LLC raised its holdings in HDFC Bank by 74.4% in the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock valued at $503,431,000 after acquiring an additional 3,364,114 shares during the last quarter. FMR LLC lifted its stake in HDFC Bank by 13.3% in the 4th quarter. FMR LLC now owns 7,793,113 shares of the bank’s stock worth $497,668,000 after purchasing an additional 914,289 shares in the last quarter. Schroder Investment Management Group boosted its holdings in shares of HDFC Bank by 82.1% during the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock worth $447,584,000 after purchasing an additional 3,160,533 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of HDFC Bank by 1.7% in the fourth quarter. Franklin Resources Inc. now owns 6,917,816 shares of the bank’s stock valued at $441,772,000 after purchasing an additional 113,988 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on HDB shares. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Finally, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Monday.

HDFC Bank Stock Down 0.7 %

HDB stock opened at $73.08 on Wednesday. The firm has a market cap of $185.05 billion, a PE ratio of 22.21, a PEG ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a one year low of $54.99 and a one year high of $75.37. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The firm’s 50 day moving average price is $66.34 and its 200-day moving average price is $64.02.

HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, equities research analysts anticipate that HDFC Bank Limited will post 3.03 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.