Franklin Resources Inc. Increases Holdings in HDFC Bank Limited (NYSE:HDB)

Franklin Resources Inc. grew its holdings in HDFC Bank Limited (NYSE:HDB) by 1.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,917,816 shares of the bank’s stock after buying an additional 113,988 shares during the quarter. Franklin Resources Inc.’s holdings in HDFC Bank were worth $441,772,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Temasek Holdings Private Ltd lifted its stake in HDFC Bank by 1.6% in the third quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock worth $523,453,000 after acquiring an additional 132,445 shares during the period. GQG Partners LLC raised its holdings in HDFC Bank by 74.4% in 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 in the last quarter. Schroder Investment Management Group lifted its position in shares of HDFC Bank by 82.1% in the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock worth $447,584,000 after purchasing an additional 3,160,533 shares during the period. Wellington Management Group LLP boosted its stake in shares of HDFC Bank by 2.2% during the 3rd quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock valued at $317,141,000 after purchasing an additional 108,312 shares in the last quarter. Finally, Trinity Street Asset Management LLP increased its position in shares of HDFC Bank by 7.4% during the fourth quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank’s stock valued at $234,641,000 after buying an additional 252,600 shares during the period. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Up 0.7 %

Shares of HDFC Bank stock opened at $66.58 on Tuesday. HDFC Bank Limited has a 1 year low of $54.99 and a 1 year high of $68.50. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. The company has a 50-day moving average of $61.17 and a 200 day moving average of $62.70. The firm has a market cap of $168.60 billion, a price-to-earnings ratio of 20.24, a PEG ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last released its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating 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, sell-side analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HDB has been the topic of several research reports. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Company 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.