HDFC Bank Limited (NYSE:HDB) Shares Bought by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 15.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,592 shares of the bank’s stock after buying an additional 20,577 shares during the quarter. Zurich Insurance Group Ltd FI’s holdings in HDFC Bank were worth $10,064,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. FIL Ltd increased its holdings in HDFC Bank by 17.5% in the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank’s stock worth $1,115,451,000 after acquiring an additional 2,599,337 shares in the last quarter. Temasek Holdings Private Ltd increased its stake in HDFC Bank by 2.3% during the 4th quarter. Temasek Holdings Private Ltd now owns 8,557,788 shares of the bank’s stock worth $546,500,000 after buying an additional 190,566 shares in the last quarter. GQG Partners LLC raised its holdings in shares of HDFC Bank by 74.4% during the fourth 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 position in shares of HDFC Bank by 13.3% in the fourth quarter. FMR LLC now owns 7,793,113 shares of the bank’s stock valued at $497,668,000 after acquiring an additional 914,289 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of HDFC Bank by 43.0% in the fourth quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank’s stock worth $466,629,000 after acquiring an additional 2,196,315 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Price Performance

HDB stock opened at $73.03 on Wednesday. HDFC Bank Limited has a 1 year low of $55.00 and a 1 year high of $75.37. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The firm has a market capitalization of $184.93 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. The business has a 50 day simple moving average of $68.79 and a 200-day simple moving average of $64.60.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on HDB. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. Finally, Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

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.