Genesis Investment Management LLP Has $2.12 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

Genesis Investment Management LLP cut its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 73.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,120 shares of the bank’s stock after selling 92,043 shares during the period. HDFC Bank accounts for approximately 2.3% of Genesis Investment Management LLP’s holdings, making the stock its 13th biggest holding. Genesis Investment Management LLP’s holdings in HDFC Bank were worth $2,115,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of HDFC Bank by 612.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 243,980 shares of the bank’s stock worth $15,695,000 after purchasing an additional 209,726 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in HDFC Bank by 6.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 13,906 shares of the bank’s stock worth $895,000 after buying an additional 833 shares during the last quarter. Blair William & Co. IL grew its position in shares of HDFC Bank by 4.1% during the 2nd quarter. Blair William & Co. IL now owns 15,947 shares of the bank’s stock worth $1,026,000 after buying an additional 633 shares during the period. Seven Eight Capital LP bought a new stake in shares of HDFC Bank in the 2nd quarter valued at about $431,000. Finally, Hancock Whitney Corp increased its stake in shares of HDFC Bank by 121.1% in the 2nd quarter. Hancock Whitney Corp now owns 11,406 shares of the bank’s stock valued at $734,000 after acquiring an additional 6,248 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDFC Bank stock opened at $58.39 on Tuesday. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $68.50. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $147.87 billion, a PE ratio of 17.75, a PEG ratio of 1.66 and a beta of 0.92. The stock’s fifty day simple moving average is $64.02 and its 200 day simple moving average is $62.51.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. On average, research analysts predict that HDFC Bank Limited will post 3.13 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report 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.