Assetmark Inc. increased its holdings in shares of HDFC Bank Limited (NYSE:HDB – Free Report) by 21.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,965 shares of the bank’s stock after buying an additional 2,687 shares during the quarter. Assetmark Inc.’s holdings in HDFC Bank were worth $998,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Zevin Asset Management LLC grew its holdings in shares of HDFC Bank by 3.5% during the first quarter. Zevin Asset Management LLC now owns 169,792 shares of the bank’s stock valued at $11,320,000 after buying an additional 5,693 shares in the last quarter. Premier Fund Managers Ltd boosted its position in HDFC Bank by 34.6% during the first quarter. Premier Fund Managers Ltd now owns 10,900 shares of the bank’s stock valued at $720,000 after purchasing an additional 2,800 shares during the last quarter. Segantii Capital Management Ltd acquired a new stake in HDFC Bank during the first quarter valued at $5,264,000. Mirae Asset Global Investments Co. Ltd. boosted its position in HDFC Bank by 9.8% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 152,341 shares of the bank’s stock valued at $10,157,000 after purchasing an additional 13,613 shares during the last quarter. Finally, Capital Wealth Planning LLC acquired a new stake in HDFC Bank during the first quarter valued at $451,000. Hedge funds and other institutional investors own 17.71% of the company’s stock.
Analyst Ratings Changes
A number of research firms recently issued reports on HDB. Jefferies Financial Group began coverage on HDFC Bank in a research report on Monday, July 17th. They set a “buy” rating for the company. StockNews.com began coverage on HDFC Bank in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, The Goldman Sachs Group began coverage on HDFC Bank in a research report on Tuesday, June 20th. They set a “buy” rating for the company.
HDFC Bank Price Performance
Shares of NYSE:HDB opened at $66.57 on Friday. HDFC Bank Limited has a fifty-two week low of $55.22 and a fifty-two week high of $71.76. The business has a 50-day moving average of $67.51 and a two-hundred day moving average of $67.33. The stock has a market capitalization of $123.81 billion, a P/E ratio of 20.80, a P/E/G ratio of 1.52 and a beta of 0.76. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.36 and a quick ratio of 0.36.
HDFC Bank (NYSE:HDB – Get Free Report) last announced its quarterly earnings results on Monday, July 17th. The bank reported $0.80 earnings per share for the quarter. HDFC Bank had a return on equity of 17.31% and a net margin of 22.03%. The company had revenue of $4.27 billion during the quarter, compared to analysts’ expectations of $3.93 billion. On average, equities research analysts predict that HDFC Bank Limited will post 2.86 EPS for the current fiscal year.
HDFC Bank 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.
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