International Assets Investment Management LLC Makes New Investment in HDFC Bank Limited (NYSE:HDB)

International Assets Investment Management LLC bought a new stake in shares of HDFC Bank Limited (NYSE:HDB) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 47,715 shares of the bank’s stock, valued at approximately $3,202,000.

Several other large investors also recently modified their holdings of HDB. Baillie Gifford & Co. raised its stake in HDFC Bank by 183.8% in the third quarter. Baillie Gifford & Co. now owns 9,560,478 shares of the bank’s stock valued at $564,164,000 after purchasing an additional 6,191,548 shares in the last quarter. PineStone Asset Management Inc. raised its position in shares of HDFC Bank by 363.2% in the 3rd quarter. PineStone Asset Management Inc. now owns 3,139,056 shares of the bank’s stock valued at $185,236,000 after buying an additional 2,461,325 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of HDFC Bank by 57.1% during the 1st quarter. BlackRock Inc. now owns 4,838,182 shares of the bank’s stock worth $296,725,000 after acquiring an additional 1,757,638 shares during the period. Aikya Investment Management Ltd acquired a new stake in shares of HDFC Bank during the 4th quarter worth approximately $77,036,000. Finally, 1832 Asset Management L.P. increased its stake in HDFC Bank by 1,052.1% in the first quarter. 1832 Asset Management L.P. now owns 1,024,372 shares of the bank’s stock valued at $68,295,000 after acquiring an additional 935,455 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Up 0.5 %

Shares of HDB opened at $56.81 on Thursday. The firm has a 50 day simple moving average of $55.50 and a two-hundred day simple moving average of $58.58. The company has a market cap of $105.66 billion, a P/E ratio of 17.53, a P/E/G ratio of 1.40 and a beta of 0.87. HDFC Bank Limited has a one year low of $52.16 and a one year high of $71.39. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.52 and a quick ratio of 0.52.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Tuesday, January 16th. The bank reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The company had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $5.67 billion. HDFC Bank had a return on equity of 15.98% and a net margin of 17.34%. Research analysts forecast that HDFC Bank Limited will post 2.71 EPS for the current fiscal year.

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.