Artisan Partners Limited Partnership Purchases 36,303 Shares of HDFC Bank Limited (NYSE:HDB)

Artisan Partners Limited Partnership grew its position in shares of HDFC Bank Limited (NYSE:HDB) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,859,809 shares of the bank’s stock after buying an additional 36,303 shares during the quarter. Artisan Partners Limited Partnership’s holdings in HDFC Bank were worth $118,767,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Temasek Holdings Private Ltd boosted its stake in HDFC Bank by 1.6% during the 3rd quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock valued at $523,453,000 after purchasing an additional 132,445 shares during the last quarter. GQG Partners LLC lifted its holdings in shares of HDFC Bank by 74.4% during the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock valued at $503,431,000 after purchasing an additional 3,364,114 shares in the last quarter. FMR LLC boosted its position in shares of HDFC Bank by 19.3% during the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after buying an additional 1,114,210 shares during the last quarter. Franklin Resources Inc. increased its holdings in HDFC Bank by 9.0% in the 3rd quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock worth $420,477,000 after buying an additional 560,880 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in HDFC Bank by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock worth $317,141,000 after buying an additional 108,312 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.2 %

HDB stock opened at $66.72 on Friday. The business’s 50-day moving average is $60.85 and its two-hundred day moving average is $62.61. The company has a market cap of $168.94 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a fifty-two week low of $54.99 and a fifty-two week high of $68.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. As a group, analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Nomura raised shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

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.