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

Genesis Investment Management LLP decreased its position in HDFC Bank Limited (NYSE:HDB) by 73.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,120 shares of the bank’s stock after selling 92,043 shares during the quarter. HDFC Bank accounts for approximately 2.3% of Genesis Investment Management LLP’s holdings, making the stock its 13th largest holding. Genesis Investment Management LLP’s holdings in HDFC Bank were worth $2,115,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in HDFC Bank by 2,092.8% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock valued at $213,851,000 after purchasing an additional 3,262,442 shares in the last quarter. TPG GP A LLC acquired a new position in shares of HDFC Bank during the 2nd quarter worth about $95,637,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of HDFC Bank by 130.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank’s stock valued at $140,593,000 after acquiring an additional 1,236,100 shares in the last quarter. FMR LLC increased its position in shares of HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after acquiring an additional 1,114,210 shares during the last quarter. Finally, Eminence Capital LP bought a new stake in HDFC Bank during the second quarter worth about $68,340,000. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

HDFC Bank Price Performance

Shares of HDB opened at $58.39 on Tuesday. The company has a market cap of $147.87 billion, a price-to-earnings ratio of 17.75, a PEG ratio of 1.66 and a beta of 0.92. 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’s fifty day simple moving average is $64.02 and its 200 day simple moving average is $62.51. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $68.50.

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

HDFC Bank 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.