HDFC Bank Limited (NYSE:HDB) Shares Acquired by Eaton Vance Management

Posted by on Mar 7th, 2023

Eaton Vance Management grew its holdings in HDFC Bank Limited (NYSE:HDB – Get Rating) by 42.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,091 shares of the bank’s stock after purchasing an additional 2,106 shares during the period. Eaton Vance Management’s holdings in HDFC Bank were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Heritage Wealth Management LLC acquired a new position in shares of HDFC Bank in the 2nd quarter valued at $33,000. Penserra Capital Management LLC acquired a new position in HDFC Bank during the 3rd quarter worth about $35,000. Trustcore Financial Services LLC acquired a new position in HDFC Bank during the 3rd quarter worth about $37,000. Newbridge Financial Services Group Inc. lifted its stake in HDFC Bank by 130.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 711 shares of the bank’s stock worth $42,000 after acquiring an additional 402 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in HDFC Bank by 1,735.0% during the 3rd quarter. Signaturefd LLC now owns 734 shares of the bank’s stock worth $43,000 after acquiring an additional 694 shares in the last quarter. Institutional investors and hedge funds own 17.50% of the company’s stock.

HDFC Bank Price Performance

HDB opened at $68.32 on Tuesday. The stock’s 50-day moving average price is $67.84 and its 200 day moving average price is $65.33. HDFC Bank Limited has a 12-month low of $50.61 and a 12-month high of $71.76. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79. The firm has a market cap of $126.29 billion, a price-to-earnings ratio of 22.85, a PEG ratio of 1.33 and a beta of 0.75.

HDFC Bank (NYSE:HDB – Get Rating) last posted its earnings results on Saturday, January 14th. The bank reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $3.69 billion. As a group, sell-side analysts expect that HDFC Bank Limited will post 2.91 earnings per share 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.

See Also

Want to see what other hedge funds are holding HDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HDFC Bank Limited (NYSE:HDB – Get Rating).

Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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