HDFC Bank Limited (NYSE:HDB) Stock Holdings Boosted by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. increased its position in HDFC Bank Limited (NYSE:HDB) by 1.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 221,129 shares of the bank’s stock after buying an additional 3,291 shares during the quarter. Coronation Fund Managers Ltd.’s holdings in HDFC Bank were worth $14,121,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in HDFC Bank by 2,092.8% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock worth $213,851,000 after buying an additional 3,262,442 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of HDFC Bank by 172.6% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank’s stock worth $215,909,000 after acquiring an additional 2,140,591 shares in the last quarter. FMR LLC boosted its stake in shares of HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock worth $430,339,000 after acquiring an additional 1,114,210 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of HDFC Bank by 177.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,075,131 shares of the bank’s stock worth $69,719,000 after purchasing an additional 687,811 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of HDFC Bank by 570.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 677,849 shares of the bank’s stock valued at $42,406,000 after purchasing an additional 576,743 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Down 1.2 %

NYSE:HDB opened at $61.22 on Monday. The business’s fifty day moving average price is $62.76 and its 200 day moving average price is $62.39. The firm has a market capitalization of $155.03 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 1.70 and a beta of 0.91. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $68.50.

HDFC Bank (NYSE:HDB) last issued its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, sell-side analysts forecast that HDFC Bank Limited will post 3.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on HDB shares. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd. Finally, Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

About HDFC Bank

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.