HDFC Bank Limited $HDB Shares Purchased by Value Partners Investments Inc.

Value Partners Investments Inc. boosted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 100.0% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 294,084 shares of the bank’s stock after purchasing an additional 147,042 shares during the quarter. HDFC Bank accounts for 0.8% of Value Partners Investments Inc.’s investment portfolio, making the stock its 21st largest position. Value Partners Investments Inc.’s holdings in HDFC Bank were worth $10,041,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Perspectives Inc raised its holdings in shares of HDFC Bank by 1.3% during the 2nd quarter. Financial Perspectives Inc now owns 10,769 shares of the bank’s stock worth $826,000 after acquiring an additional 136 shares during the period. Insigneo Advisory Services LLC raised its stake in HDFC Bank by 4.9% during the second quarter. Insigneo Advisory Services LLC now owns 3,244 shares of the bank’s stock worth $249,000 after purchasing an additional 152 shares during the period. Huntington National Bank boosted its holdings in HDFC Bank by 13.3% in the 2nd quarter. Huntington National Bank now owns 1,349 shares of the bank’s stock valued at $103,000 after purchasing an additional 158 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in shares of HDFC Bank by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 14,694 shares of the bank’s stock valued at $1,127,000 after buying an additional 194 shares during the period. Finally, Rehmann Capital Advisory Group grew its stake in shares of HDFC Bank by 1.5% in the 2nd quarter. Rehmann Capital Advisory Group now owns 15,022 shares of the bank’s stock valued at $1,152,000 after buying an additional 215 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Down 0.1%

NYSE:HDB opened at $36.27 on Wednesday. HDFC Bank Limited has a 52 week low of $28.89 and a 52 week high of $39.81. The stock’s fifty day moving average is $36.21 and its two-hundred day moving average is $36.57. The stock has a market capitalization of $185.01 billion, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 1.63 and a beta of 0.58.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, October 18th. The bank reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. HDFC Bank had a return on equity of 11.49% and a net margin of 14.94%.The business had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $4.98 billion. On average, sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on HDB shares. Wall Street Zen lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Weiss Ratings reissued a “hold (c-)” rating on shares of HDFC Bank in a research note on Monday. Finally, Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, HDFC Bank currently has a consensus rating of “Moderate Buy”.

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).