Mackenzie Financial Corp Sells 7,957 Shares of HDFC Bank Limited (NYSE:HDB)

Mackenzie Financial Corp decreased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 779,812 shares of the bank’s stock after selling 7,957 shares during the period. Mackenzie Financial Corp’s holdings in HDFC Bank were worth $52,333,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Vontobel Holding Ltd. grew its position in shares of HDFC Bank by 6.8% during the 4th quarter. Vontobel Holding Ltd. now owns 1,253,414 shares of the bank’s stock valued at $84,117,000 after acquiring an additional 80,314 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of HDFC Bank by 4.2% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,047,460 shares of the bank’s stock valued at $70,295,000 after buying an additional 42,459 shares in the last quarter. WCM Investment Management LLC lifted its stake in shares of HDFC Bank by 12.5% during the 4th quarter. WCM Investment Management LLC now owns 51,056 shares of the bank’s stock valued at $3,432,000 after buying an additional 5,667 shares in the last quarter. Simplicity Solutions LLC lifted its stake in shares of HDFC Bank by 7.1% during the 4th quarter. Simplicity Solutions LLC now owns 15,788 shares of the bank’s stock valued at $1,060,000 after buying an additional 1,046 shares in the last quarter. Finally, Hardman Johnston Global Advisors LLC lifted its stake in shares of HDFC Bank by 832.6% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 2,032,170 shares of the bank’s stock valued at $136,379,000 after buying an additional 1,814,263 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 0.0 %

HDB opened at $56.53 on Wednesday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.52. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $71.39. The firm’s fifty day moving average is $55.48 and its 200 day moving average is $58.60. The stock has a market cap of $105.14 billion, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87.

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 company had revenue of $8.62 billion for the quarter, compared to analysts’ expectations of $5.67 billion. HDFC Bank had a net margin of 17.34% and a return on equity of 15.98%. On average, sell-side analysts forecast that HDFC Bank Limited will post 2.71 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.