HDFC Bank Limited $HDB Stake Raised by Aikya Investment Management Ltd

Aikya Investment Management Ltd grew its stake in HDFC Bank Limited (NYSE:HDB) by 111.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,328,795 shares of the bank’s stock after acquiring an additional 2,281,739 shares during the quarter. HDFC Bank comprises approximately 41.4% of Aikya Investment Management Ltd’s portfolio, making the stock its biggest holding. Aikya Investment Management Ltd owned approximately 0.08% of HDFC Bank worth $147,872,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of HDB. Financial Perspectives Inc lifted its stake in shares of HDFC Bank by 1.3% during the 2nd quarter. Financial Perspectives Inc now owns 10,769 shares of the bank’s stock worth $826,000 after purchasing an additional 136 shares during the period. Insigneo Advisory Services LLC increased its stake in HDFC Bank by 4.9% during the second quarter. Insigneo Advisory Services LLC now owns 3,244 shares of the bank’s stock worth $249,000 after acquiring an additional 152 shares during the last quarter. Huntington National Bank increased its position in HDFC Bank by 13.3% during the 2nd quarter. Huntington National Bank now owns 1,349 shares of the bank’s stock worth $103,000 after purchasing an additional 158 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of HDFC Bank by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 14,694 shares of the bank’s stock valued at $1,127,000 after acquiring an additional 194 shares during the period. Finally, Rehmann Capital Advisory Group raised its position in HDFC Bank by 1.5% in the second quarter. Rehmann Capital Advisory Group now owns 15,022 shares of the bank’s stock valued at $1,152,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

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

HDFC Bank Stock Performance

NYSE:HDB opened at $32.40 on Friday. The stock has a market cap of $165.30 billion, a price-to-earnings ratio of 19.46, a PEG ratio of 1.32 and a beta of 0.57. The business has a fifty day moving average of $34.71 and a 200-day moving average of $35.79. HDFC Bank Limited has a 1 year low of $29.23 and a 1 year high of $39.81.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Tuesday, January 20th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $16.48 billion for the quarter, compared to the consensus estimate of $5.12 billion. HDFC Bank had a net margin of 14.92% and a return on equity of 11.49%. On average, equities research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank 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).