Generali Investments CEE investicni spolecnost a.s. Acquires 94,378 Shares of HDFC Bank Limited $HDB

Generali Investments CEE investicni spolecnost a.s. grew its holdings in HDFC Bank Limited (NYSE:HDB) by 95.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 193,578 shares of the bank’s stock after acquiring an additional 94,378 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in HDFC Bank were worth $6,613,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in HDB. Central Pacific Bank Trust Division boosted its stake in HDFC Bank by 100.0% in 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 period. Roxbury Financial LLC purchased a new position in shares of HDFC Bank in the second quarter worth $30,000. Whipplewood Advisors LLC lifted its holdings in shares of HDFC Bank by 112.0% in the second quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock worth $42,000 after buying an additional 290 shares in the last quarter. NewSquare Capital LLC boosted its position in shares of HDFC Bank by 136.4% during the second quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock worth $52,000 after acquiring an additional 390 shares during the last quarter. Finally, Assetmark Inc. grew its stake in HDFC Bank by 358.4% during the second quarter. Assetmark Inc. now owns 706 shares of the bank’s stock valued at $54,000 after acquiring an additional 552 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

NYSE HDB opened at $35.92 on Monday. The business’s 50 day moving average price is $36.17 and its 200-day moving average price is $36.60. HDFC Bank Limited has a fifty-two week low of $28.89 and a fifty-two week high of $39.81. The company has a market cap of $183.25 billion, a P/E ratio of 21.84, a P/E/G ratio of 1.62 and a beta of 0.58.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Saturday, October 18th. The bank reported $0.44 EPS for the quarter, topping the consensus estimate of $0.36 by $0.08. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. The company had revenue of $8.08 billion during the quarter, compared to analyst estimates of $4.98 billion. As a group, equities analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have commented on HDB. Weiss Ratings reiterated a “hold (c-)” rating on shares of HDFC Bank in a research note on Tuesday, December 16th. Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wall Street Zen downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

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).