Allianz Asset Management GmbH Acquires 197,199 Shares of HDFC Bank Limited $HDB

Allianz Asset Management GmbH lifted its stake in HDFC Bank Limited (NYSE:HDB) by 95.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 404,654 shares of the bank’s stock after acquiring an additional 197,199 shares during the period. Allianz Asset Management GmbH’s holdings in HDFC Bank were worth $13,823,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of HDB. Central Pacific Bank Trust Division boosted its holdings in HDFC Bank by 100.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock valued at $26,000 after purchasing an additional 379 shares during the period. Parkside Financial Bank & Trust raised its position in shares of HDFC Bank by 54.5% during the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock valued at $31,000 after buying an additional 322 shares during the last quarter. J.Safra Asset Management Corp lifted its stake in shares of HDFC Bank by 100.0% in the third quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock valued at $35,000 after buying an additional 510 shares during the period. Roxbury Financial LLC grew its position in HDFC Bank by 194.9% during the third quarter. Roxbury Financial LLC now owns 1,162 shares of the bank’s stock worth $40,000 after buying an additional 768 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its position in HDFC Bank by 112.0% during the second quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock worth $42,000 after buying an additional 290 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Trading Up 1.3%

NYSE HDB opened at $34.43 on Friday. HDFC Bank Limited has a 1-year low of $29.23 and a 1-year high of $39.81. The company has a market capitalization of $175.64 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 1.40 and a beta of 0.57. The stock’s 50 day moving average is $34.45 and its two-hundred day moving average is $35.63.

HDFC Bank (NYSE:HDB) last issued its earnings results on Tuesday, January 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $16.48 billion during 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%. On average, analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Ratings Changes

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

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).