Massachusetts Financial Services Co. MA Acquires 71,234 Shares of HDFC Bank Limited (NYSE:HDB)

Massachusetts Financial Services Co. MA grew its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 2.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,100,811 shares of the bank’s stock after purchasing an additional 71,234 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.17% of HDFC Bank worth $226,637,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Segantii Capital Management Ltd purchased a new stake in shares of HDFC Bank in the third quarter worth about $4,940,000. Barclays PLC lifted its holdings in shares of HDFC Bank by 7.0% in the third quarter. Barclays PLC now owns 1,846,065 shares of the bank’s stock worth $134,929,000 after buying an additional 120,381 shares in the last quarter. Legato Capital Management LLC purchased a new stake in shares of HDFC Bank in the third quarter worth about $1,596,000. Pinebridge Investments L.P. lifted its holdings in shares of HDFC Bank by 4.6% in the third quarter. Pinebridge Investments L.P. now owns 59,455 shares of the bank’s stock worth $4,345,000 after buying an additional 2,616 shares in the last quarter. Finally, Jennison Associates LLC lifted its holdings in shares of HDFC Bank by 33.8% in the third quarter. Jennison Associates LLC now owns 570,041 shares of the bank’s stock worth $41,664,000 after buying an additional 143,921 shares in the last quarter. Hedge funds and other institutional investors own 17.48% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Friday, December 17th.

Shares of HDFC Bank stock opened at $71.73 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.39 and a current ratio of 0.39. HDFC Bank Limited has a 52-week low of $61.35 and a 52-week high of $84.70. The stock has a market capitalization of $131.81 billion, a price-to-earnings ratio of 28.58, a P/E/G ratio of 1.20 and a beta of 0.79. The company’s 50 day moving average price is $67.56 and its 200-day moving average price is $71.89.

HDFC Bank (NYSE:HDB) last issued its earnings results on Saturday, October 16th. The bank reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. HDFC Bank had a net margin of 21.24% and a return on equity of 15.85%. The firm had revenue of $3.65 billion for the quarter. As a group, equities research analysts forecast that HDFC Bank Limited will post 2.67 earnings per share for the current fiscal year.

HDFC Bank Company Profile

HDFC Bank Ltd. engages in the provision of banking and financial services, including commercial banking and treasury operations. The firm also provides financial services to upper and middle income individuals and corporations in India. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking and Other Banking Operations.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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