Integrated Quantitative Investments LLC Raises Holdings in HDFC Bank Limited $HDB

Integrated Quantitative Investments LLC increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 33.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,383 shares of the bank’s stock after acquiring an additional 4,083 shares during the quarter. Integrated Quantitative Investments LLC’s holdings in HDFC Bank were worth $1,256,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of HDB. Xponance Inc. bought a new position in shares of HDFC Bank in the first quarter worth approximately $258,000. Apollon Wealth Management LLC bought a new stake in HDFC Bank during the 1st quarter valued at $228,000. Larson Financial Group LLC boosted its position in HDFC Bank by 1,217.1% during the 1st quarter. Larson Financial Group LLC now owns 461 shares of the bank’s stock valued at $31,000 after buying an additional 426 shares during the period. Cullen Frost Bankers Inc. grew its holdings in HDFC Bank by 448.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank’s stock worth $41,000 after acquiring an additional 507 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new position in shares of HDFC Bank in the first quarter valued at about $663,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 0.3%

HDB opened at $36.39 on Friday. HDFC Bank Limited has a 52 week low of $28.89 and a 52 week high of $39.81. The stock has a market cap of $185.64 billion, a PE ratio of 22.12, a PEG ratio of 1.92 and a beta of 0.69. The business has a 50 day moving average of $35.56 and a 200-day moving average of $36.71.

HDFC Bank (NYSE:HDB) last released its earnings results on Saturday, October 18th. The bank reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. The firm had revenue of $4.95 billion for the quarter, compared to the consensus estimate of $4.98 billion. Equities analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of HDFC Bank in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

HDFC Bank Company Profile

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.