Flossbach Von Storch AG Purchases 142,445 Shares of HDFC Bank Limited (NYSE:HDB)

Flossbach Von Storch AG increased its position in HDFC Bank Limited (NYSE:HDB) by 17.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 961,915 shares of the bank’s stock after buying an additional 142,445 shares during the quarter. Flossbach Von Storch AG’s holdings in HDFC Bank were worth $64,554,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in HDB. Skandinaviska Enskilda Banken AB publ bought a new position in shares of HDFC Bank during the 3rd quarter worth approximately $27,000. NBC Securities Inc. bought a new position in HDFC Bank during the third quarter worth $29,000. Resurgent Financial Advisors LLC bought a new position in HDFC Bank during the fourth quarter worth $40,000. FinTrust Capital Advisors LLC increased its stake in HDFC Bank by 36.4% in the third quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock valued at $41,000 after purchasing an additional 185 shares in the last quarter. Finally, Signaturefd LLC raised its holdings in shares of HDFC Bank by 44.7% during the third quarter. Signaturefd LLC now owns 848 shares of the bank’s stock valued at $50,000 after purchasing an additional 262 shares during the period. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 0.5 %

Shares of HDB traded up $0.28 during trading hours on Wednesday, hitting $56.81. The stock had a trading volume of 2,787,880 shares, compared to its average volume of 3,632,707. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $71.39. The firm has a market capitalization of $105.66 billion, a P/E ratio of 17.53, a price-to-earnings-growth ratio of 1.40 and a beta of 0.87. The firm has a 50 day simple moving average of $55.50 and a 200-day simple moving average of $58.58. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.52 and a quick ratio of 0.52.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Tuesday, January 16th. The bank reported $0.82 EPS for the quarter, beating 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. Sell-side analysts predict that HDFC Bank Limited will post 2.71 EPS 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.