Flossbach Von Storch SE Boosts Holdings in HDFC Bank Limited $HDB

Flossbach Von Storch SE raised its position in HDFC Bank Limited (NYSE:HDB) by 103.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,982,810 shares of the bank’s stock after acquiring an additional 1,007,155 shares during the period. Flossbach Von Storch SE’s holdings in HDFC Bank were worth $67,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in HDB. Robeco Institutional Asset Management B.V. boosted its position in shares of HDFC Bank by 150.1% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 11,601,628 shares of the bank’s stock worth $396,312,000 after purchasing an additional 6,963,646 shares in the last quarter. Schroder Investment Management Group increased its position in HDFC Bank by 19.0% during the 2nd quarter. Schroder Investment Management Group now owns 10,614,708 shares of the bank’s stock valued at $813,830,000 after buying an additional 1,692,243 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in HDFC Bank by 89.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 10,209,034 shares of the bank’s stock valued at $348,741,000 after buying an additional 4,810,042 shares during the last quarter. PineStone Asset Management Inc. boosted its holdings in HDFC Bank by 100.4% in the third quarter. PineStone Asset Management Inc. now owns 8,163,734 shares of the bank’s stock worth $278,873,000 after acquiring an additional 4,089,267 shares in the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in HDFC Bank by 97.1% in the third quarter. Baillie Gifford & Co. now owns 6,806,818 shares of the bank’s stock worth $232,521,000 after acquiring an additional 3,353,109 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Down 0.4%

HDFC Bank stock opened at $32.31 on Thursday. The stock has a 50-day moving average price of $34.89 and a 200 day moving average price of $35.86. The company has a market capitalization of $164.80 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 1.32 and a beta of 0.57. HDFC Bank Limited has a 52 week low of $29.23 and a 52 week high of $39.81.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Tuesday, January 20th. The bank reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. HDFC Bank had a net margin of 14.92% and a return on equity of 11.49%. The company had revenue of $16.48 billion for the quarter, compared to the consensus estimate of $5.12 billion. Research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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).