Angeles Investment Advisors LLC Buys 606 Shares of HDFC Bank Limited (NYSE:HDB)

Angeles Investment Advisors LLC lifted its stake in HDFC Bank Limited (NYSE:HDB) by 12.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,352 shares of the bank’s stock after purchasing an additional 606 shares during the period. Angeles Investment Advisors LLC’s holdings in HDFC Bank were worth $344,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. FIL Ltd grew its holdings in shares of HDFC Bank by 10.8% in the fourth 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 during the last quarter. Baillie Gifford & Co. grew its holdings in HDFC Bank by 2.3% during the 2nd quarter. Baillie Gifford & Co. now owns 11,533,215 shares of the bank’s stock worth $741,932,000 after acquiring an additional 263,690 shares in the last quarter. Harding Loevner LP grew its holdings in HDFC Bank by 31.7% during the 4th quarter. Harding Loevner LP now owns 9,456,666 shares of the bank’s stock worth $621,646,000 after acquiring an additional 2,276,203 shares in the last quarter. Sustainable Growth Advisers LP grew its holdings in HDFC Bank by 24.1% during the 1st quarter. Sustainable Growth Advisers LP now owns 8,824,089 shares of the bank’s stock worth $493,884,000 after acquiring an additional 1,711,784 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in HDFC Bank by 1.6% during the 4th quarter. Schroder Investment Management Group now owns 8,667,541 shares of the bank’s stock worth $581,679,000 after acquiring an additional 133,791 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Up 0.2 %

HDB stock opened at $62.60 on Monday. The firm has a 50 day moving average of $60.48 and a 200 day moving average of $59.01. The stock has a market capitalization of $158.52 billion, a PE ratio of 19.20, a price-to-earnings-growth ratio of 1.63 and a beta of 0.92. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.37. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $67.44.

HDFC Bank (NYSE:HDB) last released its earnings results on Monday, July 22nd. The bank reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. The company had revenue of $14.03 billion during the quarter, compared to analysts’ expectations of $4.81 billion. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. Sell-side analysts forecast that HDFC Bank Limited will post 2.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.