Donaldson Capital Management LLC Takes Position in HDFC Bank Limited $HDB

Donaldson Capital Management LLC acquired a new position in HDFC Bank Limited (NYSE:HDB) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 178,679 shares of the bank’s stock, valued at approximately $6,104,000.

A number of other large investors have also recently bought and sold shares of HDB. NewEdge Advisors LLC increased its holdings in HDFC Bank by 8.6% in the 1st quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock worth $776,000 after buying an additional 922 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of HDFC Bank by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank’s stock valued at $58,723,000 after acquiring an additional 13,435 shares during the last quarter. Sivia Capital Partners LLC increased its stake in shares of HDFC Bank by 24.5% in the second quarter. Sivia Capital Partners LLC now owns 7,840 shares of the bank’s stock worth $601,000 after acquiring an additional 1,541 shares during the period. Greenleaf Trust acquired a new stake in shares of HDFC Bank in the second quarter worth $221,000. Finally, Hilltop National Bank purchased a new position in shares of HDFC Bank during the second quarter worth $233,000. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on HDB shares. Weiss Ratings raised shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

HDFC Bank Stock Performance

Shares of HDFC Bank stock opened at $32.40 on Friday. The firm has a 50-day simple moving average of $34.71 and a two-hundred day simple moving average of $35.79. HDFC Bank Limited has a fifty-two week low of $29.23 and a fifty-two week high of $39.81. The company has a market cap of $165.30 billion, a P/E ratio of 19.46, a price-to-earnings-growth ratio of 1.32 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last posted its earnings results on Tuesday, January 20th. The bank reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The firm had revenue of $16.48 billion for the quarter, compared to analysts’ expectations of $5.12 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.92%. Equities research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

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).