Sumitomo Mitsui Trust Holdings Inc. Acquires 42,459 Shares of HDFC Bank Limited (NYSE:HDB)

Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 4.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,047,460 shares of the bank’s stock after buying an additional 42,459 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.06% of HDFC Bank worth $70,295,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Morgan Stanley boosted its stake in HDFC Bank by 5.1% during the third quarter. Morgan Stanley now owns 14,886,302 shares of the bank’s stock valued at $878,441,000 after buying an additional 723,106 shares during the period. Baillie Gifford & Co. lifted its stake in HDFC Bank by 0.8% during the fourth quarter. Baillie Gifford & Co. now owns 9,636,983 shares of the bank’s stock worth $646,738,000 after purchasing an additional 76,505 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in HDFC Bank by 4.9% during the third quarter. Ameriprise Financial Inc. now owns 8,772,331 shares of the bank’s stock worth $516,561,000 after purchasing an additional 410,884 shares during the last quarter. Sustainable Growth Advisers LP lifted its stake in HDFC Bank by 2.2% during the third quarter. Sustainable Growth Advisers LP now owns 6,933,843 shares of the bank’s stock worth $409,166,000 after purchasing an additional 146,980 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its stake in HDFC Bank by 2.9% during the fourth quarter. Impax Asset Management Group plc now owns 5,771,491 shares of the bank’s stock worth $386,431,000 after purchasing an additional 160,220 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Up 0.5 %

Shares of HDB stock opened at $56.81 on Thursday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.78. The business has a 50-day moving average price of $55.50 and a two-hundred day moving average price of $58.58. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $71.39. The firm has a market cap of $105.66 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Tuesday, January 16th. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.11. HDFC Bank had a return on equity of 15.98% and a net margin of 17.34%. The firm had revenue of $8.62 billion during the quarter, compared to analyst estimates of $5.67 billion. Equities analysts anticipate that HDFC Bank Limited will post 2.71 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.