Prime Capital Investment Advisors LLC Has $1.33 Million Position in HDFC Bank Limited $HDB

Prime Capital Investment Advisors LLC lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 100.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 38,790 shares of the bank’s stock after purchasing an additional 19,421 shares during the period. Prime Capital Investment Advisors LLC’s holdings in HDFC Bank were worth $1,325,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Hudson Edge Investment Partners Inc. lifted its position in shares of HDFC Bank by 100.6% in the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 1,506,200 shares of the bank’s stock worth $51,452,000 after purchasing an additional 755,200 shares during the period. Cabot Wealth Management Inc. raised its stake in HDFC Bank by 97.0% during the third quarter. Cabot Wealth Management Inc. now owns 575,800 shares of the bank’s stock worth $19,669,000 after buying an additional 283,520 shares during the last quarter. Baillie Gifford & Co. lifted its holdings in HDFC Bank by 97.1% in the third quarter. Baillie Gifford & Co. now owns 6,806,818 shares of the bank’s stock valued at $232,521,000 after buying an additional 3,353,109 shares during the period. Freemont Capital Pte Ltd bought a new stake in HDFC Bank during the second quarter valued at $1,073,000. Finally, Helios Capital Management PTE. Ltd. grew its holdings in HDFC Bank by 100.0% during the 3rd quarter. Helios Capital Management PTE. Ltd. now owns 337,400 shares of the bank’s stock worth $11,526,000 after acquiring an additional 168,700 shares during the period. 17.61% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HDB. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings raised HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, HDFC Bank currently has an average rating of “Hold”.

HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $34.43 on Monday. The business has a 50-day simple moving average of $34.45 and a 200 day simple moving average of $35.61. HDFC Bank Limited has a one year low of $29.23 and a one year high of $39.81. The firm 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.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data 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 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, sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS for the current 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).