B. Metzler seel. Sohn & Co. AG Has $15.69 Million Holdings in HDFC Bank Limited (NYSE:HDB)

B. Metzler seel. Sohn & Co. AG lifted its position in HDFC Bank Limited (NYSE:HDB) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,653 shares of the bank’s stock after buying an additional 1,881 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in HDFC Bank were worth $15,694,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HDB. GQG Partners LLC increased its stake 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 during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 buying an additional 3,262,442 shares during the last quarter. Schroder Investment Management Group raised its stake in HDFC Bank by 82.1% in the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock valued at $447,584,000 after buying an additional 3,160,533 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of HDFC Bank by 172.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock worth $215,909,000 after acquiring an additional 2,140,591 shares during the period. Finally, Egerton Capital UK LLP acquired a new position in shares of HDFC Bank during the 4th quarter worth approximately $72,833,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $66.15 on Monday. The firm has a market cap of $167.50 billion, a P/E ratio of 20.10, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The business’s 50 day moving average is $61.01 and its 200-day moving average is $62.67. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 1-year low of $54.99 and a 1-year high of $68.50.

HDFC Bank (NYSE:HDB) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current 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.