HDFC Bank Limited (NYSE:HDB) is Trinity Street Asset Management LLP’s Largest Position

Trinity Street Asset Management LLP increased its position in shares of HDFC Bank Limited (NYSE:HDB) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,674,300 shares of the bank’s stock after purchasing an additional 252,600 shares during the period. HDFC Bank accounts for about 23.0% of Trinity Street Asset Management LLP’s holdings, making the stock its biggest holding. Trinity Street Asset Management LLP’s holdings in HDFC Bank were worth $234,641,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HDB. Empirical Asset Management LLC purchased a new stake in HDFC Bank in the fourth quarter valued at $1,869,000. Ritholtz Wealth Management increased its position in shares of HDFC Bank by 25.8% during the 4th quarter. Ritholtz Wealth Management now owns 14,506 shares of the bank’s stock worth $926,000 after purchasing an additional 2,974 shares during the last quarter. Park Avenue Securities LLC raised its holdings in HDFC Bank by 39.8% in the 4th quarter. Park Avenue Securities LLC now owns 22,584 shares of the bank’s stock valued at $1,442,000 after buying an additional 6,430 shares during the period. Assenagon Asset Management S.A. lifted its position in HDFC Bank by 823.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 59,942 shares of the bank’s stock valued at $3,828,000 after buying an additional 53,449 shares during the last quarter. Finally, CCLA Investment Management boosted its stake in HDFC Bank by 9.1% during the fourth quarter. CCLA Investment Management now owns 1,929,091 shares of the bank’s stock worth $123,172,000 after buying an additional 161,368 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Stock Down 0.4 %

NYSE:HDB opened at $58.39 on Friday. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $68.50. The stock’s fifty day moving average is $64.13 and its two-hundred day moving average is $62.61. The stock has a market capitalization of $147.87 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 1.67 and a beta of 0.92. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $4.84 billion. Research analysts anticipate that HDFC Bank Limited will post 3.13 EPS for the current year.

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.