HDFC Bank Limited (NYSE:HDB) Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. grew its holdings in HDFC Bank Limited (NYSE:HDB – Get Rating) by 0.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 655,068 shares of the bank’s stock after buying an additional 4,852 shares during the period. Baird Financial Group Inc.’s holdings in HDFC Bank were worth $38,269,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Thomas White International Ltd. raised its position in shares of HDFC Bank by 12.5% in the third quarter. Thomas White International Ltd. now owns 166,990 shares of the bank’s stock valued at $9,755,000 after buying an additional 18,537 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in shares of HDFC Bank in the third quarter valued at about $455,000. Verdence Capital Advisors LLC raised its position in shares of HDFC Bank by 3.1% in the third quarter. Verdence Capital Advisors LLC now owns 6,264 shares of the bank’s stock valued at $366,000 after buying an additional 189 shares during the last quarter. Boit C F David acquired a new stake in shares of HDFC Bank in the third quarter valued at about $91,000. Finally, River & Mercantile Asset Management LLP raised its position in shares of HDFC Bank by 43.0% in the third quarter. River & Mercantile Asset Management LLP now owns 73,094 shares of the bank’s stock valued at $5,344,000 after buying an additional 21,968 shares during the last quarter. 17.50% of the stock is currently owned by institutional investors and hedge funds.

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HDFC Bank Trading Up 1.1 %

Shares of HDB opened at $64.37 on Wednesday. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79. HDFC Bank Limited has a 12-month low of $50.61 and a 12-month high of $71.76. The firm has a 50-day moving average price of $67.55 and a 200 day moving average price of $65.47. The firm has a market capitalization of $118.99 billion, a P/E ratio of 21.53, a P/E/G ratio of 1.26 and a beta of 0.75.

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

HDFC Bank Company 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.

Further Reading

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