Bank of Montreal Can Buys 24,159 Shares of HDFC Bank Limited (NYSE:HDB)

Bank of Montreal Can increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 44.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 79,026 shares of the bank’s stock after buying an additional 24,159 shares during the period. Bank of Montreal Can’s holdings in HDFC Bank were worth $5,085,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Manning & Napier Advisors LLC acquired a new stake in HDFC Bank in the 2nd quarter worth about $166,709,000. PineStone Asset Management Inc. raised its stake in HDFC Bank by 115.1% in the 2nd quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank’s stock worth $287,488,000 after purchasing an additional 2,391,343 shares in the last quarter. TPG GP A LLC acquired a new stake in HDFC Bank in the 2nd quarter worth about $95,637,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in HDFC Bank by 130.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank’s stock worth $140,593,000 after purchasing an additional 1,236,100 shares in the last quarter. Finally, Eminence Capital LP acquired a new stake in HDFC Bank in the 2nd quarter worth about $68,340,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $66.73 on Wednesday. The firm has a 50 day moving average of $63.36 and a 200-day moving average of $61.75. The stock has a market capitalization of $168.98 billion, a PE ratio of 20.28, a PEG ratio of 1.77 and a beta of 0.92. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.76.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. The business had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, equities research analysts predict that HDFC Bank Limited will post 3.15 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

HDFC Bank Company 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.