Commonwealth of Pennsylvania Public School Empls Retrmt SYS Decreases Holdings in HDFC Bank Limited $HDB

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its position in HDFC Bank Limited (NYSE:HDB) by 9.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 251,711 shares of the bank’s stock after selling 27,132 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in HDFC Bank were worth $19,299,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. New Vernon Capital Holdings II LLC purchased a new stake in shares of HDFC Bank during the 1st quarter valued at $1,546,956,000. GQG Partners LLC increased its position in HDFC Bank by 105.5% during the 1st quarter. GQG Partners LLC now owns 16,196,992 shares of the bank’s stock valued at $1,076,128,000 after buying an additional 8,313,645 shares in the last quarter. Royal Bank of Canada increased its position in HDFC Bank by 53.5% during the 1st quarter. Royal Bank of Canada now owns 11,214,711 shares of the bank’s stock valued at $745,107,000 after buying an additional 3,907,637 shares in the last quarter. JPMorgan Chase & Co. raised its stake in HDFC Bank by 2.1% in the first quarter. JPMorgan Chase & Co. now owns 9,616,713 shares of the bank’s stock valued at $638,934,000 after buying an additional 202,032 shares during the last quarter. Finally, Temasek Holdings Private Ltd boosted its holdings in HDFC Bank by 3.9% in the first quarter. Temasek Holdings Private Ltd now owns 8,895,662 shares of the bank’s stock worth $591,028,000 after acquiring an additional 337,874 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Up 0.3%

Shares of NYSE:HDB opened at $36.39 on Friday. HDFC Bank Limited has a 52-week low of $28.89 and a 52-week high of $39.81. The stock has a market cap of $185.64 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 1.92 and a beta of 0.69. The business has a 50-day moving average price of $35.56 and a 200-day moving average price of $36.71.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, October 18th. The bank reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.08. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. The company had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.98 billion. As a group, equities analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Analysts Set New Price Targets

HDB has been the topic of a number of research analyst reports. Zacks Research upgraded HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of HDFC Bank in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, HDFC Bank presently has an average rating of “Moderate Buy”.

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.