DSM Capital Partners LLC Buys 131,595 Shares of HDFC Bank Limited $HDB

DSM Capital Partners LLC increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 196.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 198,500 shares of the bank’s stock after buying an additional 131,595 shares during the period. HDFC Bank comprises about 0.1% of DSM Capital Partners LLC’s holdings, making the stock its 29th biggest position. DSM Capital Partners LLC’s holdings in HDFC Bank were worth $6,781,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Perspectives Inc increased 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 last quarter. Insigneo Advisory Services LLC grew its holdings in HDFC Bank by 4.9% during the second quarter. Insigneo Advisory Services LLC now owns 3,244 shares of the bank’s stock valued at $249,000 after purchasing an additional 152 shares during the period. Huntington National Bank increased its position in HDFC Bank by 13.3% in the second quarter. Huntington National Bank now owns 1,349 shares of the bank’s stock worth $103,000 after buying an additional 158 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of HDFC Bank by 1.3% in the second quarter. Nisa Investment Advisors LLC now owns 14,694 shares of the bank’s stock valued at $1,127,000 after buying an additional 194 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in shares of HDFC Bank by 1.5% during the 2nd quarter. Rehmann Capital Advisory Group now owns 15,022 shares of the bank’s stock valued at $1,152,000 after buying an additional 215 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on HDB. Weiss Ratings reissued a “hold (c-)” rating on shares of HDFC Bank in a report on Monday, December 29th. Wall Street Zen lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Zacks Research raised shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

HDFC Bank Stock Down 2.0%

HDB stock opened at $33.48 on Wednesday. The stock has a 50-day simple moving average of $36.09 and a two-hundred day simple moving average of $36.46. HDFC Bank Limited has a twelve month low of $28.89 and a twelve month high of $39.81. The firm has a market capitalization of $170.78 billion, a PE ratio of 20.35, a PEG ratio of 1.54 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Saturday, October 18th. The bank reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. The company had revenue of $8.08 billion during the quarter, compared to analyst estimates of $4.98 billion. On average, equities research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal 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).