Comgest Global Investors S.A.S. Acquires 289,781 Shares of HDFC Bank Limited (NYSE:HDB)

Comgest Global Investors S.A.S. increased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 202.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 432,835 shares of the bank’s stock after acquiring an additional 289,781 shares during the quarter. Comgest Global Investors S.A.S.’s holdings in HDFC Bank were worth $27,078,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of HDB. UMB Bank n.a. increased its holdings in HDFC Bank by 5.4% in the 2nd quarter. UMB Bank n.a. now owns 4,831 shares of the bank’s stock valued at $311,000 after buying an additional 248 shares during the period. Mount Yale Investment Advisors LLC increased its holdings in HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock valued at $399,000 after buying an additional 257 shares during the period. JFS Wealth Advisors LLC increased its holdings in HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after buying an additional 275 shares during the period. Prime Capital Investment Advisors LLC increased its holdings in HDFC Bank by 1.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 25,576 shares of the bank’s stock valued at $1,600,000 after buying an additional 308 shares during the period. Finally, GAMMA Investing LLC increased its holdings in HDFC Bank by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after buying an additional 312 shares during the period. 17.61% of the stock is owned by institutional investors.

HDFC Bank Price Performance

Shares of HDB traded down $0.01 during mid-day trading on Friday, reaching $61.90. The company had a trading volume of 2,375,136 shares, compared to its average volume of 2,979,078. The company’s 50 day simple moving average is $62.86 and its 200 day simple moving average is $60.96. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $156.75 billion, a price-to-earnings ratio of 18.81, a P/E/G ratio of 1.61 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $4.84 billion. Analysts expect that HDFC Bank Limited will post 3.2 EPS for the current year.

Wall Street Analyst Weigh In

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

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.