Schroder Investment Management Group Has $447.58 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

Schroder Investment Management Group boosted its position in shares of HDFC Bank Limited (NYSE:HDB) by 82.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,008,828 shares of the bank’s stock after purchasing an additional 3,160,533 shares during the period. Schroder Investment Management Group owned about 0.28% of HDFC Bank worth $447,584,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HDB. Whipplewood Advisors LLC bought a new position in shares of HDFC Bank in the fourth quarter valued at approximately $29,000. Graney & King LLC acquired a new stake in HDFC Bank during the 4th quarter valued at $38,000. Brown Brothers Harriman & Co. raised its position in HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock valued at $39,000 after purchasing an additional 240 shares during the last quarter. Sierra Ocean LLC acquired a new position in HDFC Bank in the fourth quarter worth $42,000. Finally, Kestra Investment Management LLC bought a new stake in shares of HDFC Bank during the fourth quarter worth $60,000. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Down 1.1 %

Shares of HDB opened at $66.15 on Friday. The firm has a market capitalization of $167.50 billion, a price-to-earnings ratio of 20.10, a PEG ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 52 week low of $54.99 and a 52 week high of $68.50. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The business’s fifty day moving average price is $61.01 and its two-hundred day moving average price is $62.66.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. On average, analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd.

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.