MML Investors Services LLC Purchases 5,760 Shares of HDFC Bank Limited (NYSE:HDB)

MML Investors Services LLC increased its stake in HDFC Bank Limited (NYSE:HDB – Get Rating) by 30.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,859 shares of the bank’s stock after acquiring an additional 5,760 shares during the period. MML Investors Services LLC’s holdings in HDFC Bank were worth $1,452,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of HDFC Bank by 5.2% in the 2nd quarter. Principal Financial Group Inc. now owns 1,153,881 shares of the bank’s stock valued at $63,417,000 after acquiring an additional 56,869 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of HDFC Bank by 80.5% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 42,904 shares of the bank’s stock valued at $2,358,000 after acquiring an additional 19,135 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of HDFC Bank by 38.8% in the 3rd quarter. Ritholtz Wealth Management now owns 13,246 shares of the bank’s stock valued at $774,000 after acquiring an additional 3,704 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in HDFC Bank by 37.8% during the 3rd quarter. Nuveen Asset Management LLC now owns 1,044,024 shares of the bank’s stock valued at $60,991,000 after purchasing an additional 286,656 shares during the period. Finally, Atria Investments LLC increased its holdings in HDFC Bank by 10.7% during the 2nd quarter. Atria Investments LLC now owns 47,323 shares of the bank’s stock valued at $2,601,000 after purchasing an additional 4,569 shares during the period. Institutional investors own 17.50% of the company’s stock.

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HDFC Bank Stock Down 1.4 %

Shares of NYSE:HDB opened at $66.70 on Thursday. HDFC Bank Limited has a 1 year low of $50.61 and a 1 year high of $71.76. The stock’s 50-day moving average is $67.82 and its 200 day moving average is $65.27. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.36 and a quick ratio of 0.36. The company has a market cap of $123.30 billion, a PE ratio of 22.31, a P/E/G ratio of 1.32 and a beta of 0.78.

HDFC Bank (NYSE:HDB – Get Rating) last issued its quarterly earnings results on Saturday, January 14th. The bank reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. HDFC Bank had a return on equity of 16.86% and a net margin of 22.90%. The firm had revenue of $4.09 billion for the quarter, compared to analysts’ expectations of $3.69 billion. Sell-side analysts anticipate that HDFC Bank Limited will post 2.91 EPS for the current year.

HDFC Bank Profile

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HDFC Bank Ltd. engages in the provision of banking and financial services, including commercial banking and treasury operations. The firm also provides financial services to upper and middle income individuals and corporations in India. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking and Other Banking Operations.

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