Simplicity Solutions LLC Has $1.06 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Simplicity Solutions LLC grew its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 7.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,788 shares of the bank’s stock after purchasing an additional 1,046 shares during the period. Simplicity Solutions LLC’s holdings in HDFC Bank were worth $1,060,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Morgan Stanley lifted its stake in HDFC Bank by 5.1% in the 3rd quarter. Morgan Stanley now owns 14,886,302 shares of the bank’s stock valued at $878,441,000 after purchasing an additional 723,106 shares during the last quarter. Baillie Gifford & Co. raised its stake in HDFC Bank by 0.8% during the fourth quarter. Baillie Gifford & Co. now owns 9,636,983 shares of the bank’s stock worth $646,738,000 after buying an additional 76,505 shares during the last quarter. Ameriprise Financial Inc. raised its stake in HDFC Bank by 4.9% during the third quarter. Ameriprise Financial Inc. now owns 8,772,331 shares of the bank’s stock worth $516,561,000 after buying an additional 410,884 shares during the last quarter. Sustainable Growth Advisers LP increased its stake in HDFC Bank by 2.2% in the third quarter. Sustainable Growth Advisers LP now owns 6,933,843 shares of the bank’s stock valued at $409,166,000 after purchasing an additional 146,980 shares in the last quarter. Finally, Impax Asset Management Group plc increased its stake in HDFC Bank by 2.9% in the fourth quarter. Impax Asset Management Group plc now owns 5,771,491 shares of the bank’s stock valued at $386,431,000 after purchasing an additional 160,220 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Down 0.9 %

HDB opened at $56.51 on Tuesday. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $71.39. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. The company has a market cap of $105.10 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 1.41 and a beta of 0.87. The company has a fifty day moving average price of $55.47 and a two-hundred day moving average price of $58.61.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Tuesday, January 16th. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.11. HDFC Bank had a net margin of 17.34% and a return on equity of 15.98%. The firm had revenue of $8.62 billion during the quarter, compared to analysts’ expectations of $5.67 billion. 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.