HDFC Bank Limited (NYSE:HDB) Holdings Raised by Matthews International Capital Management LLC

Matthews International Capital Management LLC grew its position in HDFC Bank Limited (NYSE:HDB) by 89.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 261,894 shares of the bank’s stock after acquiring an additional 123,322 shares during the quarter. HDFC Bank makes up approximately 3.6% of Matthews International Capital Management LLC’s holdings, making the stock its 11th largest position. Matthews International Capital Management LLC’s holdings in HDFC Bank were worth $17,400,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Bank Pictet & Cie Europe AG grew its stake in HDFC Bank by 451.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,490 shares of the bank’s stock worth $1,245,000 after buying an additional 15,955 shares during the last quarter. Principal Securities Inc. grew its stake in HDFC Bank by 13.0% during the 4th quarter. Principal Securities Inc. now owns 2,305 shares of the bank’s stock worth $147,000 after buying an additional 265 shares during the last quarter. JFS Wealth Advisors LLC grew its stake in HDFC Bank by 52.6% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock worth $65,000 after buying an additional 351 shares during the last quarter. Principal Financial Group Inc. grew its stake in HDFC Bank by 3.1% during the 4th quarter. Principal Financial Group Inc. now owns 48,679 shares of the bank’s stock worth $3,109,000 after buying an additional 1,454 shares during the last quarter. Finally, Sanctuary Advisors LLC grew its stake in HDFC Bank by 2.8% during the 4th quarter. Sanctuary Advisors LLC now owns 31,407 shares of the bank’s stock worth $1,900,000 after buying an additional 850 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Price Performance

Shares of HDB opened at $74.49 on Thursday. The company has a market cap of $188.62 billion, a P/E ratio of 22.57, a PEG ratio of 1.75 and a beta of 0.64. The stock has a fifty day moving average price of $73.06 and a 200 day moving average price of $66.16. 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 Limited has a 12 month low of $57.24 and a 12 month high of $77.76.

HDFC Bank (NYSE:HDB) last announced its quarterly 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 company had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. On average, research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research note 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.