Brandes Investment Partners LP Has $3.52 Million Position in HDFC Bank Limited (NYSE:HDB)

Brandes Investment Partners LP boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 11.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 54,527 shares of the bank’s stock after acquiring an additional 5,572 shares during the quarter. Brandes Investment Partners LP’s holdings in HDFC Bank were worth $3,520,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in HDB. Ridgewood Investments LLC acquired a new stake in shares of HDFC Bank in the 2nd quarter valued at $36,000. Northwest Investment Counselors LLC bought a new stake in shares of HDFC Bank during the 1st quarter worth about $34,000. Janiczek Wealth Management LLC acquired a new position in shares of HDFC Bank during the 1st quarter valued at about $35,000. GAMMA Investing LLC increased its holdings in shares of HDFC Bank by 56.0% during the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock valued at $58,000 after acquiring an additional 324 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of HDFC Bank in the 1st quarter valued at approximately $56,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Price Performance

NYSE HDB opened at $62.56 on Tuesday. The stock has a 50-day simple moving average of $61.37 and a 200 day simple moving average of $59.72. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $67.44. The stock has a market capitalization of $116.36 billion, a PE ratio of 19.19, a P/E/G ratio of 1.76 and a beta of 0.92. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.51 and a current ratio of 0.51.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Monday, July 22nd. The bank reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.27. The company had revenue of $14.03 billion during the quarter, compared to analysts’ expectations of $4.81 billion. HDFC Bank had a return on equity of 12.64% and a net margin of 14.69%. Research analysts anticipate that HDFC Bank Limited will post 2.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th.

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.