HDFC Bank Limited (NYSE:HDB) Shares Purchased by Coronation Fund Managers Ltd.

Coronation Fund Managers Ltd. lifted its position in HDFC Bank Limited (NYSE:HDB) by 1.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 221,129 shares of the bank’s stock after acquiring an additional 3,291 shares during the quarter. Coronation Fund Managers Ltd.’s holdings in HDFC Bank were worth $14,121,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Temasek Holdings Private Ltd boosted its holdings 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 purchasing an additional 132,445 shares during the period. FMR LLC boosted its holdings in shares of HDFC Bank by 19.3% in the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after buying an additional 1,114,210 shares during the period. Franklin Resources Inc. grew its position in shares of HDFC Bank by 9.0% during the 3rd quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock valued at $420,477,000 after buying an additional 560,880 shares during the last quarter. Wellington Management Group LLP raised its stake in HDFC Bank by 2.2% during the third quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock worth $317,141,000 after acquiring an additional 108,312 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its holdings in HDFC Bank by 1.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock worth $302,970,000 after acquiring an additional 51,736 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Price Performance

NYSE HDB opened at $61.22 on Monday. The company has a 50-day moving average price of $62.76 and a two-hundred day moving average price of $62.39. The stock has a market cap of $155.03 billion, a price-to-earnings ratio of 18.61, a price-to-earnings-growth 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 52 week low of $52.16 and a 52 week high of $68.50.

HDFC Bank (NYSE:HDB) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Analysts forecast that HDFC Bank Limited will post 3.09 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.