The most recent 13F statement Northcape Capital Pty Ltd filed with the SEC revealed that the company liquidated 3.1% of its holdings in HDFC Bank Ltd (NYSE: HDB) during the fourth quarter.
The company provided this information.
The institutional investor had 2,400,226 shares of the bank’s stock in their possession at the end of the time frame after selling 76,708 of those shares throughout the time frame.
More than 20.2% of the total value of the company’s holdings are invested in HDFC Bank, making it the company’s third-largest holding.
The most recent filing that Northcape Capital Pty Ltd made with the SEC revealed that the company had a holding in HDFC Bank valued at approximately $164,199,000 at the time of the filing that was made with the SEC.
This amounts to approximately 0.13 percent of the total company.
Recent changes have been made to the ownership percentages of the company that hedge funds and other institutional investors formerly held.
During the third fiscal quarter of HDFC Bank, YorkBridge Wealth Partners LLC completed the acquisition of an additional 3.8% of the bank’s shares.
As of right now, YorkBridge Wealth Partners LLC is the owner of 4,646 shares of the bank’s stock, which have a total value of $271,000 as of right now.
This comes after the most recent quarter, which saw the purchase of 169 additional shares of the company’s stock.
Prudential Financial INC increased the amount of HDFC Bank stock owned by 1.5% during the third quarter of the fiscal year.
After making an additional purchase of 186 shares during the most recent quarter, Prudential Financial INC now has 12,581 shares in its possession. Given the current price of the company’s shares, this results in a total market value of $716,000 for the business.
During the third quarter, Verdence Capital Advisors LLC added 3.1% more HDFC Bank shares to its portfolio, resulting in the firm owning a greater percentage of its total shares.
After purchasing 189 additional shares during the most recent quarter, Verdence Capital Advisors LLC now has 6,264 shares of the bank’s stock, valued at $366,000.
This brings the total number of shares that the company owns to 6,264. Financial Counselors INC increased the proportion of HDFC Bank stock owned by 3.1% during the third quarter. Financial Counselors, INC now has 7,158 shares in the bank, each worth $418,000, bringing the company’s total investment to $418,000.
This was accomplished by purchasing 216 additional shares during the most recent fiscal quarter.
Lastly, during the first three months of the year, KB Financial Partners LLC increased the number of HDFC Bank shares in its portfolio by 7.6%.
During the most recent quarter, KB Financial Partners LLC bought 232 shares of the bank’s stock, bringing the total number of shares it owns in the institution to 3,290.
These shares are currently worth $202,000.
Institutional investors and hedge funds hold 17.50% of the total number of shares in the company.
These investors are known as “large shareholders.”
In addition, coverage of HDFC Bank shares was initiated on Thursday when StockNews.com published a research report and made it available for public consumption.
The analysts have advised investors to “hold” onto their shares for now.
The NYSE HDB ended the trading day on Friday with a loss of $0.74, closing at $63.15. Only 1,184,089 shares of the company’s stock were traded, a significant decrease from the normal volume of 1,396,340 shares traded daily in the company.
The moving average for the company over the past 50 days is $67.30, and the moving average over the past 200 days is $65.48, respectively.
The company possesses a price-to-earnings ratio of 21.12, a price-to-earnings-to-growth ratio of 1.25, and a beta coefficient of 0.75.
Its market capitalization is $116.73 billion, and its price-to-earnings ratio is 21.12.
A few values can be used in this calculation, including a debt-to-equity ratio of 0.79, a current ratio of 0.36, and a quick ratio of 0.36.
The lowest price that HDFC Bank Ltd has been at in the past year is $50.61, and the highest price that HDFC Bank Ltd has been at in the past year is $71.76.
HDFC Bank (NYSE: HDB) announced the outcomes of its most recent quarterly earnings report on the 14th of January, a Saturday.
The earnings per share (EPS) that the financial institution reported for the period came in at $0.83, which was $0.01 higher than the estimate used by the market, which was $0.82.
The company announced revenue for the quarter of $4.09 billion, substantially higher than the average prediction of $3.69 billion.
The return on equity for HDFC Bank was 16.86%, and the bank’s net margin was 22.90%.
The bank was located in India.
According to the forecasts of stock market analysts, HDFC Bank Ltd will bring in 2.91 rupees in profits per share for the current fiscal year.
Commercial banking and treasury operations are just two of the many banking and financial services that can be obtained from HDFC Bank Ltd This company operates as a financial institution.
Additionally, the company makes its financial services available to Indian residents and businesses with incomes ranging from the upper middle class to the middle class.
The primary components that make up the operations of this company are the treasury, retail banking, wholesale banking, and other banking operations.