HDFC Bank Limited (NYSE:HDB) Shares Bought by Zevin Asset Management LLC

Zevin Asset Management LLC boosted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 108.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,918 shares of the bank’s stock after buying an additional 44,798 shares during the quarter. HDFC Bank accounts for approximately 1.6% of Zevin Asset Management LLC’s portfolio, making the stock its 23rd largest holding. Zevin Asset Management LLC’s holdings in HDFC Bank were worth $4,902,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Capital Insight Partners LLC increased its position in shares of HDFC Bank by 1.4% during the second quarter. Capital Insight Partners LLC now owns 8,648 shares of the bank’s stock worth $1,125,000 after acquiring an additional 116 shares during the period. Crossmark Global Holdings Inc. increased its stake in HDFC Bank by 0.9% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 26,032 shares of the bank’s stock valued at $3,385,000 after buying an additional 220 shares during the period. EFG Asset Management Americas Corp. boosted its holdings in shares of HDFC Bank by 21.6% during the 2nd quarter. EFG Asset Management Americas Corp. now owns 3,744 shares of the bank’s stock worth $487,000 after buying an additional 665 shares during the period. Schwab Charitable Fund acquired a new stake in shares of HDFC Bank during the 2nd quarter worth about $451,000. Finally, Hexavest Inc. boosted its stake in HDFC Bank by 86.7% during the 2nd quarter. Hexavest Inc. now owns 2,619 shares of the bank’s stock worth $341,000 after acquiring an additional 1,216 shares during the last quarter. Institutional investors own 10.18% of the company’s stock.

HDB has been the topic of a number of recent research reports. ValuEngine cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Zacks Investment Research raised HDFC Bank from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a research note on Friday, October 25th. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Tuesday, November 5th. Finally, Sanford C. Bernstein cut HDFC Bank from an “outperform” rating to a “market perform” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $97.32.

Shares of NYSE HDB traded down $0.46 during mid-day trading on Friday, hitting $61.81. The company’s stock had a trading volume of 1,108,231 shares, compared to its average volume of 1,606,642. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.96. HDFC Bank Limited has a one year low of $44.33 and a one year high of $65.89. The company’s fifty day simple moving average is $65.15 and its 200-day simple moving average is $104.74. The stock has a market cap of $112.83 billion, a price-to-earnings ratio of 37.23, a price-to-earnings-growth ratio of 1.26 and a beta of 0.42.

HDFC Bank Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

See Also: P/E Growth (PEG)

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

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