DSM Capital Partners LLC Grows Position in HDFC Bank Limited $HDB

DSM Capital Partners LLC lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 196.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 198,500 shares of the bank’s stock after purchasing an additional 131,595 shares during the quarter. HDFC Bank accounts for approximately 0.1% of DSM Capital Partners LLC’s portfolio, making the stock its 29th largest position. DSM Capital Partners LLC’s holdings in HDFC Bank were worth $6,781,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HDB. Central Pacific Bank Trust Division grew its stake in HDFC Bank by 100.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after buying an additional 379 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of HDFC Bank during the 2nd quarter worth $30,000. Whipplewood Advisors LLC grew its position in HDFC Bank by 112.0% in the second quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock worth $42,000 after acquiring an additional 290 shares in the last quarter. Park Place Capital Corp increased its stake in HDFC Bank by 100.0% in the third quarter. Park Place Capital Corp now owns 1,426 shares of the bank’s stock valued at $49,000 after acquiring an additional 713 shares during the last quarter. Finally, NewSquare Capital LLC increased its stake in HDFC Bank by 136.4% in the second quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock valued at $52,000 after acquiring an additional 390 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

HDB has been the subject of a number of research reports. Zacks Research upgraded HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings restated a “hold (c-)” rating on shares of HDFC Bank in a research report on Monday, December 29th. Finally, Wall Street Zen cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

HDFC Bank Trading Down 2.0%

NYSE HDB opened at $33.48 on Wednesday. HDFC Bank Limited has a 1-year low of $28.89 and a 1-year high of $39.81. The stock has a 50-day moving average of $36.09 and a 200-day moving average of $36.46. The firm has a market cap of $170.78 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 1.54 and a beta of 0.57.

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 the consensus estimate of $0.36 by $0.08. The business had revenue of $8.08 billion for the quarter, compared to analyst estimates of $4.98 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.94%. As a group, equities research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

About HDFC Bank

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).