HDFC Bank Limited $HDB Shares Acquired by Zevin Asset Management LLC

Zevin Asset Management LLC increased its position in HDFC Bank Limited (NYSE:HDB) by 81.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 316,225 shares of the bank’s stock after buying an additional 141,968 shares during the quarter. HDFC Bank comprises about 1.6% of Zevin Asset Management LLC’s investment portfolio, making the stock its 28th biggest position. Zevin Asset Management LLC’s holdings in HDFC Bank were worth $10,802,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its holdings in shares of HDFC Bank by 8.6% in the 1st quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock worth $776,000 after purchasing an additional 922 shares during the period. Goldman Sachs Group Inc. grew its stake in HDFC Bank by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank’s stock worth $58,723,000 after buying an additional 13,435 shares during the period. Sivia Capital Partners LLC increased its position in shares of HDFC Bank by 24.5% in the second quarter. Sivia Capital Partners LLC now owns 7,840 shares of the bank’s stock worth $601,000 after acquiring an additional 1,541 shares in the last quarter. Brookstone Capital Management acquired a new stake in shares of HDFC Bank in the second quarter worth $419,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of HDFC Bank by 20.3% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,585,128 shares of the bank’s stock valued at $121,532,000 after acquiring an additional 267,782 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $33.11 on Monday. The company has a market capitalization of $168.88 billion, a PE ratio of 19.88, a P/E/G ratio of 1.38 and a beta of 0.57. HDFC Bank Limited has a 1-year low of $29.23 and a 1-year high of $39.81. The business has a 50-day moving average of $33.94 and a 200-day moving average of $35.23.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Tuesday, January 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.04. The company had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $5.12 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.92%. On average, equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings raised HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, HDFC Bank presently has a consensus rating of “Hold”.

HDFC Bank Company Profile

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).