Diamond Hill Capital Management Inc. Has $4.33 Million Stake in HDFC Bank Limited (NYSE:HDB)

Diamond Hill Capital Management Inc. boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 21.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 67,301 shares of the bank’s stock after purchasing an additional 11,912 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in HDFC Bank were worth $4,329,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. FIL Ltd raised its stake in HDFC Bank by 10.8% in the 4th quarter. FIL Ltd now owns 13,594,291 shares of the bank’s stock worth $912,313,000 after purchasing an additional 1,326,574 shares in the last quarter. Baillie Gifford & Co. raised its position in shares of HDFC Bank by 2.3% in the 2nd quarter. Baillie Gifford & Co. now owns 11,533,215 shares of the bank’s stock valued at $741,932,000 after buying an additional 263,690 shares in the last quarter. Harding Loevner LP raised its position in shares of HDFC Bank by 31.7% in the 4th quarter. Harding Loevner LP now owns 9,456,666 shares of the bank’s stock valued at $621,646,000 after buying an additional 2,276,203 shares in the last quarter. Sustainable Growth Advisers LP raised its position in shares of HDFC Bank by 24.1% in the 1st quarter. Sustainable Growth Advisers LP now owns 8,824,089 shares of the bank’s stock valued at $493,884,000 after buying an additional 1,711,784 shares in the last quarter. Finally, Schroder Investment Management Group raised its position in shares of HDFC Bank by 1.6% in the 4th quarter. Schroder Investment Management Group now owns 8,667,541 shares of the bank’s stock valued at $581,679,000 after buying an additional 133,791 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on HDB shares. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Thursday, June 13th.

HDFC Bank Trading Up 0.2 %

HDB opened at $62.60 on Monday. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $67.44. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a market capitalization of $158.52 billion, a price-to-earnings ratio of 19.20, a PEG ratio of 1.63 and a beta of 0.92. The company’s 50 day moving average price is $60.48 and its two-hundred day moving average price is $59.01.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Monday, July 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. The firm had revenue of $14.03 billion for the quarter, compared to the consensus estimate of $4.81 billion. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. As a group, research analysts predict that HDFC Bank Limited will post 2.97 earnings per share for the current year.

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.