Whittier Trust Co. Buys 6,692 Shares of HDFC Bank Limited (NYSE:HDB)

Whittier Trust Co. raised its stake in HDFC Bank Limited (NYSE:HDB) by 51.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,739 shares of the bank’s stock after purchasing an additional 6,692 shares during the period. Whittier Trust Co.’s holdings in HDFC Bank were worth $1,261,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Temasek Holdings Private Ltd increased its position in HDFC Bank by 1.6% in the 3rd quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock valued at $523,453,000 after buying an additional 132,445 shares in the last quarter. FMR LLC increased its holdings 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 acquiring an additional 1,114,210 shares in the last quarter. Franklin Resources Inc. raised its position in shares of HDFC Bank by 9.0% during the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock worth $420,477,000 after purchasing an additional 560,880 shares during the period. Wellington Management Group LLP lifted its holdings in shares of 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 purchasing an additional 108,312 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in HDFC Bank by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock valued at $302,970,000 after purchasing an additional 51,736 shares during the period. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

HDB opened at $64.54 on Friday. HDFC Bank Limited has a 1 year low of $54.07 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 market capitalization of $163.42 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 2.12 and a beta of 0.92. The firm’s fifty day moving average price is $60.26 and its two-hundred day moving average price is $62.47.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results 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 anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have weighed in on HDB shares. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Nomura raised HDFC Bank from a “neutral” rating to a “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.