Value Partners Investments Inc. Acquires 250,000 Shares of HDFC Bank Limited $HDB

Value Partners Investments Inc. boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 85.3% in the third quarter, HoldingsChannel reports. The fund owned 543,129 shares of the bank’s stock after acquiring an additional 250,000 shares during the period. HDFC Bank accounts for 0.8% of Value Partners Investments Inc.’s portfolio, making the stock its 24th biggest holding. Value Partners Investments Inc.’s holdings in HDFC Bank were worth $12,142,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. PineStone Asset Management Inc. lifted its holdings in shares of HDFC Bank by 11.4% during the third quarter. PineStone Asset Management Inc. now owns 4,878,732 shares of the bank’s stock valued at $108,991,000 after purchasing an additional 498,886 shares during the last quarter. Vontobel Holding Ltd. boosted its position in shares of HDFC Bank by 0.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 232,512 shares of the bank’s stock worth $5,194,000 after purchasing an additional 1,088 shares in the last quarter. Formuepleje A S grew its stake in shares of HDFC Bank by 47.3% in the 3rd quarter. Formuepleje A S now owns 49,127 shares of the bank’s stock worth $1,097,000 after buying an additional 15,779 shares during the last quarter. Ninety One North America Inc. grew its stake in shares of HDFC Bank by 8.0% in the 3rd quarter. Ninety One North America Inc. now owns 193,653 shares of the bank’s stock worth $4,326,000 after buying an additional 14,407 shares during the last quarter. Finally, Euro Pacific Asset Management LLC bought a new position in HDFC Bank during the 3rd quarter valued at approximately $1,772,000. Institutional investors own 17.61% of the company’s stock.

Trending Headlines about HDFC Bank

Here are the key news stories impacting HDFC Bank this week:

• Positive Sentiment: Operating momentum remained solid: deposits and gross advances increased meaningfully year over year, retail loan disbursements reached INR 90,000 crore, and service-delivery turnaround times improved by 30%. HDFC Bank: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: HDFC Bank reported quarterly EPS of $0.40, in line with analysts’ expectations, and revenue of approximately $5.10 billion, above the $4.92 billion consensus estimate. HDFC Bank Quarterly Earnings Report
• Neutral Sentiment: Analysts characterized the results as broadly in line with expectations, supporting a neutral view while investors assess the bank’s leadership transition and future profitability. HDFC Bank: Neutral View Is Justified By In-Line Results And Leadership Transition
• Neutral Sentiment: Institutional positioning was mixed in the latest reported quarter, with major additions from Morgan Stanley and JPMorgan partly offset by large reductions from GQG Partners and Principal Financial Group.
• Negative Sentiment: Earnings quality appeared softer: lower treasury-related income and increased bad-loan provisions pressured profitability despite year-over-year profit growth. This raised concerns about margins and the composition of earnings. HDFC Bank ADR Falls After Quarterly Profit Miss and Ownership Overhang
• Negative Sentiment: Foreign ownership reportedly decreased during the September quarter, adding an ownership overhang to investor concerns. Recent disclosed insider activity also showed three sales and no purchases, although the transactions were relatively small compared with the bank’s market value.

HDFC Bank Trading Down 3.2%

HDB traded down $0.75 during trading on Monday, hitting $23.09. 13,141,508 shares of the company’s stock traded hands, compared to its average volume of 9,137,961. The company’s 50 day simple moving average is $22.90 and its two-hundred day simple moving average is $24.25. HDFC Bank Limited has a 12-month low of $21.70 and a 12-month high of $37.45. The stock has a market capitalization of $118.46 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.16 and a beta of 0.61.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Saturday, October 17th. The bank reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. HDFC Bank had a return on equity of 11.84% and a net margin of 15.96%. The company had revenue of $5.10 billion for the quarter, compared to analysts’ expectations of $4.92 billion. On average, equities analysts expect that HDFC Bank Limited will post 1.64 EPS for the current year.

Analyst Ratings Changes

HDB has been the subject of a number of recent research reports. Zacks Research upgraded HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. The Goldman Sachs Group initiated coverage on HDFC Bank in a research note on Friday, August 21st. They issued a “buy” rating on the stock. HSBC cut HDFC Bank from a “buy” rating to a “hold” rating and cut their target price for the stock from $30.80 to $26.10 in a research note on Monday, August 31st. Wall Street Zen downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Finally, Weiss Ratings lowered HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, HDFC Bank presently has an average rating of “Hold” and an average target price of $26.10.

HDFC Bank Profile

HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, India. Established in 1994, the bank provides services to individuals, businesses, corporations and institutions through a broad network of physical branches, ATMs and digital banking channels.

Its principal offerings include savings and current accounts, deposits, personal and home loans, vehicle and consumer financing, business and commercial lending, credit and debit cards, payments, investment and wealth-management services, and foreign-exchange and treasury products.