CCLA Investment Management Purchases 161,368 Shares of HDFC Bank Limited (NYSE:HDB)

CCLA Investment Management boosted its position in HDFC Bank Limited (NYSE:HDB) by 9.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,929,091 shares of the bank’s stock after acquiring an additional 161,368 shares during the period. HDFC Bank accounts for 2.0% of CCLA Investment Management’s investment portfolio, making the stock its 22nd biggest position. CCLA Investment Management’s holdings in HDFC Bank were worth $123,172,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of HDFC Bank by 2,092.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock worth $213,851,000 after purchasing an additional 3,262,442 shares during the period. TPG GP A LLC bought a new position in HDFC Bank during the 2nd quarter valued at approximately $95,637,000. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in HDFC Bank by 130.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank’s stock worth $140,593,000 after buying an additional 1,236,100 shares during the period. FMR LLC grew its position in shares of HDFC Bank by 19.3% in the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after buying an additional 1,114,210 shares during the last quarter. Finally, Eminence Capital LP purchased a new position in shares of HDFC Bank during the second quarter valued at approximately $68,340,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 0.8 %

NYSE:HDB opened at $58.55 on Wednesday. The company has a 50-day moving average price of $64.34 and a 200-day moving average price of $62.66. The stock has a market cap of $148.27 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 1.78 and a beta of 0.92. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data 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 net margin of 14.48% and a return on equity of 12.49%. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. Equities analysts predict that HDFC Bank Limited will post 3.15 EPS for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

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.