HDFC Bank Limited $HDB Shares Purchased by Templeton & Phillips Capital Management LLC

Templeton & Phillips Capital Management LLC boosted its stake in HDFC Bank Limited (NYSE:HDB) by 100.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 273,510 shares of the bank’s stock after buying an additional 136,755 shares during the period. HDFC Bank makes up approximately 6.7% of Templeton & Phillips Capital Management LLC’s portfolio, making the stock its 6th biggest position. Templeton & Phillips Capital Management LLC’s holdings in HDFC Bank were worth $9,343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of HDB. Robeco Institutional Asset Management B.V. increased its position in shares of HDFC Bank by 150.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 11,601,628 shares of the bank’s stock valued at $396,312,000 after acquiring an additional 6,963,646 shares during the last quarter. C WorldWide Group Holding A S boosted its position in shares of HDFC Bank by 133.0% during the 3rd quarter. C WorldWide Group Holding A S now owns 9,362,828 shares of the bank’s stock worth $319,834,000 after purchasing an additional 5,345,005 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in HDFC Bank by 89.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,209,034 shares of the bank’s stock valued at $348,741,000 after purchasing an additional 4,810,042 shares during the last quarter. PineStone Asset Management Inc. increased its holdings in HDFC Bank by 100.4% in the 3rd quarter. PineStone Asset Management Inc. now owns 8,163,734 shares of the bank’s stock valued at $278,873,000 after purchasing an additional 4,089,267 shares during the last quarter. Finally, Baillie Gifford & Co. raised its position in HDFC Bank by 97.1% in the third quarter. Baillie Gifford & Co. now owns 6,806,818 shares of the bank’s stock valued at $232,521,000 after purchasing an additional 3,353,109 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

HDB has been the subject of several research analyst reports. Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings raised HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, HDFC Bank currently has an average rating of “Hold”.

HDFC Bank Stock Performance

HDB stock opened at $32.84 on Friday. The company’s 50 day moving average price is $34.27 and its 200 day moving average price is $35.50. HDFC Bank Limited has a fifty-two week low of $29.23 and a fifty-two week high of $39.81. The firm has a market capitalization of $167.51 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 1.35 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Tuesday, January 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. HDFC Bank had a net margin of 14.92% and a return on equity of 11.49%. The company had revenue of $16.48 billion during the quarter, compared to the consensus estimate of $5.12 billion. Equities analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank Profile

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).