HighTower Advisors LLC Buys 206,601 Shares of HDFC Bank Limited $HDB

HighTower Advisors LLC boosted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 105.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 402,013 shares of the bank’s stock after purchasing an additional 206,601 shares during the period. HighTower Advisors LLC’s holdings in HDFC Bank were worth $13,733,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its stake in shares of HDFC Bank by 150.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 11,601,628 shares of the bank’s stock worth $396,312,000 after buying an additional 6,963,646 shares during the period. Schroder Investment Management Group increased its holdings in HDFC Bank by 19.0% in the 2nd quarter. Schroder Investment Management Group now owns 10,614,708 shares of the bank’s stock worth $813,830,000 after acquiring an additional 1,692,243 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in HDFC Bank by 89.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,209,034 shares of the bank’s stock worth $348,741,000 after acquiring an additional 4,810,042 shares during the period. C WorldWide Group Holding A S raised its stake in HDFC Bank by 133.0% during the 3rd quarter. C WorldWide Group Holding A S now owns 9,362,828 shares of the bank’s stock worth $319,834,000 after acquiring an additional 5,345,005 shares during the period. Finally, PineStone Asset Management Inc. lifted its holdings in HDFC Bank by 100.4% during the third quarter. PineStone Asset Management Inc. now owns 8,163,734 shares of the bank’s stock valued at $278,873,000 after purchasing an additional 4,089,267 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

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

HDFC Bank Stock Up 1.2%

HDFC Bank stock opened at $33.11 on Friday. The company’s 50-day moving average price is $33.94 and its 200-day moving average price is $35.27. The company has a market cap of $168.88 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.36 and a beta of 0.57. HDFC Bank Limited has a twelve month low of $29.23 and a twelve month high of $39.81.

HDFC Bank (NYSE:HDB) last released its earnings results on Tuesday, January 20th. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. HDFC Bank had a return on equity of 11.49% and a net margin of 14.92%.The firm had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $5.12 billion. As a group, sell-side analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

HDFC Bank 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).