3,618 Shares in HDFC Bank Limited (NYSE:HDB) Purchased by Tectonic Advisors LLC

Tectonic Advisors LLC bought a new stake in shares of HDFC Bank Limited (NYSE:HDB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,618 shares of the bank’s stock, valued at approximately $243,000.

Several other large investors have also modified their holdings of the business. Wellington Management Group LLP lifted its holdings in HDFC Bank by 51.6% during the third quarter. Wellington Management Group LLP now owns 2,457,211 shares of the bank’s stock worth $145,000,000 after buying an additional 836,449 shares during the period. Northern Trust Corp grew its stake in HDFC Bank by 13.1% in the third quarter. Northern Trust Corp now owns 385,864 shares of the bank’s stock valued at $22,770,000 after purchasing an additional 44,648 shares during the last quarter. Martin Currie Ltd. raised its holdings in HDFC Bank by 1.7% in the third quarter. Martin Currie Ltd. now owns 3,401,986 shares of the bank’s stock worth $200,751,000 after purchasing an additional 57,055 shares in the last quarter. Citigroup Inc. grew its position in shares of HDFC Bank by 1,193.0% in the 3rd quarter. Citigroup Inc. now owns 749,586 shares of the bank’s stock worth $44,233,000 after buying an additional 691,615 shares during the last quarter. Finally, Manning & Napier Group LLC raised its stake in shares of HDFC Bank by 14.0% during the 3rd quarter. Manning & Napier Group LLC now owns 733,596 shares of the bank’s stock worth $43,290,000 after acquiring an additional 90,357 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of HDB opened at $55.00 on Wednesday. The company has a 50 day moving average of $55.11 and a two-hundred day moving average of $59.12. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.78. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $71.39. The company has a market cap of $102.30 billion, a price-to-earnings ratio of 16.83, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Tuesday, January 16th. The bank reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $5.67 billion. As a group, analysts predict that HDFC Bank Limited will post 2.72 earnings per share for the current fiscal 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.