Axiom Investors LLC DE Makes New $460,000 Investment in HDFC Bank Limited (NYSE:HDB)

Axiom Investors LLC DE purchased a new stake in HDFC Bank Limited (NYSE:HDB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 7,200 shares of the bank’s stock, valued at approximately $460,000.

Several other institutional investors have also made changes to their positions in HDB. Temasek Holdings Private Ltd raised its holdings 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 acquiring an additional 132,445 shares in the last quarter. GQG Partners LLC raised its stake in HDFC Bank by 74.4% in the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank’s stock valued at $503,431,000 after purchasing an additional 3,364,114 shares in the last quarter. Schroder Investment Management Group lifted its position in HDFC Bank by 82.1% during the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank’s stock worth $447,584,000 after purchasing an additional 3,160,533 shares during the period. Franklin Resources Inc. grew its stake in 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 buying an additional 560,880 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in HDFC Bank by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock valued at $317,141,000 after buying an additional 108,312 shares during the period. 17.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Nomura Securities upgraded shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research 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.

HDFC Bank Stock Up 0.7 %

HDB stock opened at $66.58 on Tuesday. The firm has a 50-day moving average price of $61.17 and a 200-day moving average price of $62.70. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $68.50. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a market capitalization of $168.60 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data 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 net margin of 14.64% and a return on equity of 12.19%. As a group, equities research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal 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.