Lbp Am Sa Has $2.05 Million Holdings in HDFC Bank Limited $HDB

Lbp Am Sa increased its position in shares of HDFC Bank Limited (NYSE:HDB) by 65.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,000 shares of the bank’s stock after buying an additional 23,700 shares during the period. Lbp Am Sa’s holdings in HDFC Bank were worth $2,050,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC grew its holdings in HDFC Bank by 8.6% during the 1st quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock worth $776,000 after acquiring an additional 922 shares during the period. Goldman Sachs Group Inc. increased its holdings in HDFC Bank by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank’s stock worth $58,723,000 after purchasing an additional 13,435 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in HDFC Bank by 24.5% in the second quarter. Sivia Capital Partners LLC now owns 7,840 shares of the bank’s stock valued at $601,000 after buying an additional 1,541 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of HDFC Bank by 32.4% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,350 shares of the bank’s stock worth $869,000 after buying an additional 2,780 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in HDFC Bank by 50.7% during the second quarter. Farther Finance Advisors LLC now owns 4,137 shares of the bank’s stock worth $317,000 after acquiring an additional 1,391 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Ratings Changes

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

HDFC Bank Trading Up 0.9%

HDB opened at $32.43 on Wednesday. HDFC Bank Limited has a 1-year low of $29.23 and a 1-year high of $39.81. The company has a market cap of $165.42 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 1.31 and a beta of 0.57. The company’s fifty day moving average price is $34.97 and its two-hundred day moving average price is $35.89.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Tuesday, January 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $16.48 billion during the quarter, compared to analysts’ expectations of $5.12 billion. HDFC Bank had a net margin of 14.92% and a return on equity of 11.49%. As a group, equities analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal 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).