Triglav Investments D.O.O. Buys 24,500 Shares of HDFC Bank Limited $HDB

Triglav Investments D.O.O. lifted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 100.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,000 shares of the bank’s stock after purchasing an additional 24,500 shares during the period. Triglav Investments D.O.O.’s holdings in HDFC Bank were worth $1,674,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of HDB. Central Pacific Bank Trust Division boosted its position in HDFC Bank by 100.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock valued at $26,000 after buying an additional 379 shares during the last quarter. Parkside Financial Bank & Trust raised its position in shares of HDFC Bank by 54.5% during the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after acquiring an additional 322 shares during the last quarter. J.Safra Asset Management Corp raised its position in shares of HDFC Bank by 100.0% during the third quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock worth $35,000 after acquiring an additional 510 shares during the last quarter. Roxbury Financial LLC lifted its stake in shares of HDFC Bank by 194.9% during the third quarter. Roxbury Financial LLC now owns 1,162 shares of the bank’s stock valued at $40,000 after acquiring an additional 768 shares during the period. Finally, Whipplewood Advisors LLC boosted its holdings in HDFC Bank by 112.0% in the second quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock valued at $42,000 after acquiring an additional 290 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

HDFC Bank Trading Up 1.1%

NYSE:HDB opened at $33.94 on Thursday. HDFC Bank Limited has a 1-year low of $29.23 and a 1-year high of $39.81. The firm has a market capitalization of $173.14 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.36 and a beta of 0.57. The business’s 50-day moving average price is $34.55 and its two-hundred day moving average price is $35.70.

HDFC Bank (NYSE:HDB) last posted its earnings results 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 $16.48 billion during the quarter, compared to analyst estimates of $5.12 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.92%. Sell-side analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

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).