HDFC Bank Limited (NYSE:HDB) Shares Purchased by Northcape Capital Pty Ltd

Northcape Capital Pty Ltd lifted its position in HDFC Bank Limited (NYSE:HDB) by 26.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,176,019 shares of the bank’s stock after purchasing an additional 448,340 shares during the quarter. HDFC Bank accounts for 17.3% of Northcape Capital Pty Ltd’s portfolio, making the stock its 2nd largest position. Northcape Capital Pty Ltd owned about 0.12% of HDFC Bank worth $146,033,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Brown Shipley& Co Ltd boosted its position in HDFC Bank by 1,274.4% in the second quarter. Brown Shipley& Co Ltd now owns 4,783 shares of the bank’s stock valued at $26,000 after buying an additional 4,435 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in HDFC Bank in the 3rd quarter valued at $27,000. NBC Securities Inc. acquired a new stake in HDFC Bank in the 3rd quarter valued at approximately $29,000. Resurgent Financial Advisors LLC bought a new position in shares of HDFC Bank in the fourth quarter valued at $40,000. Finally, FinTrust Capital Advisors LLC raised its holdings in shares of HDFC Bank by 36.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock valued at $41,000 after purchasing an additional 185 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of NYSE HDB traded up $0.13 during midday trading on Thursday, hitting $55.78. 1,034,883 shares of the company’s stock were exchanged, compared to its average volume of 3,709,291. The company’s 50 day moving average price is $54.98 and its 200 day moving average price is $59.05. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $103.75 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $71.39.

HDFC Bank (NYSE:HDB) last released its earnings results on Tuesday, January 16th. The bank reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. The firm had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $5.67 billion. HDFC Bank had a return on equity of 15.98% and a net margin of 17.34%. As a group, analysts predict that HDFC Bank Limited will post 2.72 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.