Axa S.A. Grows Position in HDFC Bank Limited (NYSE:HDB)

Axa S.A. lifted its stake in HDFC Bank Limited (NYSE:HDB) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 143,172 shares of the bank’s stock after acquiring an additional 1,730 shares during the quarter. Axa S.A.’s holdings in HDFC Bank were worth $9,143,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Itau Unibanco Holding S.A. acquired a new position in HDFC Bank in the 4th quarter valued at about $351,000. AQR Capital Management LLC grew its holdings in shares of HDFC Bank by 6.1% in the fourth quarter. AQR Capital Management LLC now owns 75,672 shares of the bank’s stock valued at $4,823,000 after purchasing an additional 4,320 shares in the last quarter. Northern Trust Corp increased its stake in HDFC Bank by 52.0% during the 4th quarter. Northern Trust Corp now owns 1,015,588 shares of the bank’s stock worth $64,855,000 after buying an additional 347,488 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in HDFC Bank by 3.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 266,600 shares of the bank’s stock worth $17,025,000 after buying an additional 9,084 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new position in HDFC Bank in the 4th quarter valued at approximately $580,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDB stock opened at $73.64 on Tuesday. The company has a market cap of $186.48 billion, a P/E ratio of 22.38, a PEG ratio of 2.12 and a beta of 0.68. The firm has a fifty day moving average price of $66.08 and a 200 day moving average price of $63.96. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $75.37.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The business had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $434.68 billion. Sell-side analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

HDB has been the topic of several analyst reports. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd.

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.