Bank of New York Mellon Corp Has $152.19 Million Stock Position in HDFC Bank Limited $HDB

Bank of New York Mellon Corp boosted its position in shares of HDFC Bank Limited (NYSE:HDB) by 99.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,455,149 shares of the bank’s stock after acquiring an additional 2,224,576 shares during the period. Bank of New York Mellon Corp’s holdings in HDFC Bank were worth $152,188,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of HDB. Central Pacific Bank Trust Division lifted its position in shares of HDFC Bank by 100.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after purchasing an additional 379 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in HDFC Bank by 54.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock valued at $31,000 after buying an additional 322 shares during the last quarter. J.Safra Asset Management Corp increased its position in HDFC Bank by 100.0% in the 3rd quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock worth $35,000 after buying an additional 510 shares during the period. Roxbury Financial LLC lifted its holdings 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 worth $40,000 after buying an additional 768 shares during the last quarter. Finally, Whipplewood Advisors LLC lifted its holdings in shares of 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. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Down 0.5%

Shares of HDB stock opened at $32.40 on Friday. The company has a market capitalization of $165.30 billion, a P/E ratio of 19.46, a P/E/G ratio of 1.32 and a beta of 0.57. HDFC Bank Limited has a 12-month low of $29.23 and a 12-month high of $39.81. The firm has a 50-day moving average price of $34.71 and a 200 day moving average price of $35.79.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Tuesday, January 20th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $16.48 billion for 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%. As a group, research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts 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 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 investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

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).