Vontobel Holding Ltd. Has $10.94 Million Holdings in HDFC Bank Limited $HDB

Vontobel Holding Ltd. raised its stake in HDFC Bank Limited (NYSE:HDB) by 88.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 320,282 shares of the bank’s stock after buying an additional 150,674 shares during the period. Vontobel Holding Ltd.’s holdings in HDFC Bank were worth $10,941,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in shares of HDFC Bank by 81.0% in the 1st quarter. BNP Paribas Financial Markets now owns 568,407 shares of the bank’s stock valued at $37,765,000 after buying an additional 254,395 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of HDFC Bank during the first quarter worth about $19,366,000. Immersion Capital LLP bought a new position in shares of HDFC Bank during the 1st quarter valued at about $19,753,000. Freemont Capital Pte Ltd acquired a new position in shares of HDFC Bank in the 2nd quarter valued at approximately $1,073,000. Finally, Eminence Capital LP increased its stake in HDFC Bank by 18.9% during the 1st quarter. Eminence Capital LP now owns 1,186,551 shares of the bank’s stock worth $78,834,000 after purchasing an additional 189,015 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Wall Street Zen lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HDFC Bank in a research note on Monday. One investment 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

HDFC Bank Trading Up 0.3%

Shares of HDB opened at $36.40 on Thursday. The stock has a market capitalization of $185.69 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.63 and a beta of 0.58. HDFC Bank Limited has a 12 month low of $28.89 and a 12 month high of $39.81. The firm has a fifty day simple moving average of $36.22 and a 200 day simple moving average of $36.57.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results 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 firm had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $4.98 billion. As a group, research analysts predict 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).