HDFC Bank Limited (NYSE:HDB) is LMR Partners LLP’s 4th Largest Position

LMR Partners LLP lessened its stake in shares of HDFC Bank Limited (NYSE:HDB) by 2.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,715,455 shares of the bank’s stock after selling 36,186 shares during the period. HDFC Bank makes up approximately 0.9% of LMR Partners LLP’s holdings, making the stock its 4th largest holding. LMR Partners LLP owned approximately 0.07% of HDFC Bank worth $107,319,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Baillie Gifford & Co. grew its stake in shares of HDFC Bank by 2.3% during the second quarter. Baillie Gifford & Co. now owns 11,533,215 shares of the bank’s stock valued at $741,932,000 after buying an additional 263,690 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in HDFC Bank by 11.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,791,134 shares of the bank’s stock valued at $308,214,000 after acquiring an additional 486,653 shares during the last quarter. PineStone Asset Management Inc. increased its stake in HDFC Bank by 115.1% in the second quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank’s stock worth $287,488,000 after purchasing an additional 2,391,343 shares during the period. Capital World Investors lifted its position in shares of HDFC Bank by 208.6% during the first quarter. Capital World Investors now owns 4,124,751 shares of the bank’s stock worth $230,862,000 after purchasing an additional 2,788,197 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of HDFC Bank by 18.1% during the second quarter. Millennium Management LLC now owns 2,864,145 shares of the bank’s stock valued at $184,250,000 after purchasing an additional 438,750 shares during the period. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HDB. StockNews.com raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd.

HDFC Bank Trading Down 0.0 %

NYSE HDB opened at $61.90 on Monday. The company’s 50-day simple moving average is $62.86 and its two-hundred day simple moving average is $61.00. HDFC Bank Limited has a one year low of $52.16 and a one year high of $67.44. The company has a market capitalization of $156.75 billion, a price-to-earnings ratio of 18.81, a price-to-earnings-growth ratio of 1.62 and a beta of 0.91. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. Equities analysts forecast that HDFC Bank Limited will post 3.2 EPS 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.