HDFC Bank Limited $HDB Shares Bought by Blue Trust Inc.

Blue Trust Inc. increased its stake in HDFC Bank Limited (NYSE:HDB) by 108.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,219 shares of the bank’s stock after acquiring an additional 40,617 shares during the period. Blue Trust Inc.’s holdings in HDFC Bank were worth $2,672,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in HDFC Bank by 67.4% during the 1st quarter. Vanguard Group Inc. now owns 272,824 shares of the bank’s stock valued at $18,126,000 after purchasing an additional 109,810 shares in the last quarter. Ieq Capital LLC lifted its holdings in shares of HDFC Bank by 7.1% in the first quarter. Ieq Capital LLC now owns 4,456 shares of the bank’s stock valued at $296,000 after buying an additional 294 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of HDFC Bank by 81.0% in the first quarter. BNP Paribas Financial Markets now owns 568,407 shares of the bank’s stock valued at $37,765,000 after buying an additional 254,395 shares during the period. Lansforsakringar Fondforvaltning AB publ boosted its stake in HDFC Bank by 24.3% during the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 39,824 shares of the bank’s stock valued at $2,646,000 after buying an additional 7,787 shares in the last quarter. Finally, State of Wyoming grew its holdings in HDFC Bank by 7.1% during the first quarter. State of Wyoming now owns 10,624 shares of the bank’s stock worth $706,000 after acquiring an additional 700 shares during the period. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

NYSE:HDB opened at $36.40 on Friday. HDFC Bank Limited has a fifty-two week low of $28.89 and a fifty-two week high of $39.81. The stock’s 50-day moving average is $36.24 and its two-hundred day moving average is $36.57. The stock has a market cap of $185.69 billion, a PE ratio of 22.13, a price-to-earnings-growth ratio of 1.64 and a beta of 0.58.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings results on Saturday, October 18th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. The business had revenue of $8.08 billion during the quarter, compared to analyst estimates of $4.98 billion. On average, equities research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on HDB shares. Wall Street Zen cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of HDFC Bank in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

HDFC Bank Company Profile

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).