Vestmark Advisory Solutions Inc. Has $1.98 Million Stake in HDFC Bank Limited $HDB

Vestmark Advisory Solutions Inc. lowered its position in HDFC Bank Limited (NYSE:HDB) by 49.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,871 shares of the bank’s stock after selling 25,055 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in HDFC Bank were worth $1,984,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division acquired a new position in shares of HDFC Bank during the 2nd quarter worth about $29,000. Roxbury Financial LLC acquired a new stake in HDFC Bank in the 2nd quarter valued at about $30,000. Larson Financial Group LLC grew its holdings in HDFC Bank by 1,217.1% during the first quarter. Larson Financial Group LLC now owns 461 shares of the bank’s stock worth $31,000 after purchasing an additional 426 shares during the period. Cullen Frost Bankers Inc. increased its position in HDFC Bank by 448.7% during the first quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank’s stock worth $41,000 after buying an additional 507 shares during the last quarter. Finally, Whipplewood Advisors LLC increased its position in HDFC Bank by 112.0% during the second quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock worth $42,000 after buying an additional 290 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HDB has been the subject of a number of recent analyst reports. Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of HDFC Bank in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

HDFC Bank Trading Up 0.4%

HDFC Bank stock opened at $35.83 on Monday. The company has a market capitalization of $182.80 billion, a price-to-earnings ratio of 21.78, a PEG ratio of 1.92 and a beta of 0.69. HDFC Bank Limited has a 12 month low of $28.89 and a 12 month high of $39.81. The stock’s 50 day moving average is $35.45 and its 200-day moving average is $36.71.

HDFC Bank (NYSE:HDB) last released 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. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $4.98 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.94%. As a group, equities research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

About HDFC Bank

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.