Helios Capital Management PTE. Ltd. Grows Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Helios Capital Management PTE. Ltd. raised its stake in HDFC Bank Limited (NYSE:HDB) by 27.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 160,700 shares of the bank’s stock after acquiring an additional 35,000 shares during the quarter. HDFC Bank comprises 18.7% of Helios Capital Management PTE. Ltd.’s holdings, making the stock its 2nd largest position. Helios Capital Management PTE. Ltd.’s holdings in HDFC Bank were worth $10,677,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. GQG Partners LLC grew its position in shares of HDFC Bank by 74.4% during the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock worth $503,431,000 after purchasing an additional 3,364,114 shares in the last quarter. Schroder Investment Management Group grew its position 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 in the last quarter. FIL Ltd grew its position in shares of HDFC Bank by 17.5% during the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank’s stock worth $1,115,451,000 after purchasing an additional 2,599,337 shares in the last quarter. Royal Bank of Canada grew its position in shares of HDFC Bank by 43.0% during the 4th quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank’s stock worth $466,629,000 after purchasing an additional 2,196,315 shares in the last quarter. Finally, National Bank of Canada FI grew its position in shares of HDFC Bank by 3,535.1% during the 4th quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank’s stock worth $122,718,000 after purchasing an additional 1,868,804 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

HDFC Bank Stock Down 1.2%

NYSE HDB opened at $73.95 on Wednesday. The business has a fifty day moving average price of $72.88 and a two-hundred day moving average price of $66.10. The stock has a market capitalization of $187.25 billion, a PE ratio of 22.41, a PEG ratio of 1.77 and a beta of 0.64. HDFC Bank Limited has a fifty-two week low of $57.24 and a fifty-two week high of $77.76. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.07 and a quick ratio of 0.09.

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

HDFC Bank 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.