Boston Common Asset Management LLC Has $29.03 Million Stake in HDFC Bank Limited $HDB

Boston Common Asset Management LLC increased its position in shares of HDFC Bank Limited (NYSE:HDB) by 88.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 849,699 shares of the bank’s stock after acquiring an additional 397,841 shares during the period. HDFC Bank comprises approximately 0.8% of Boston Common Asset Management LLC’s portfolio, making the stock its 29th biggest holding. Boston Common Asset Management LLC’s holdings in HDFC Bank were worth $29,026,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Financial Perspectives Inc boosted its position in HDFC Bank by 1.3% during the second 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 boosted its holdings in shares of HDFC Bank by 4.9% during the 2nd quarter. Insigneo Advisory Services LLC now owns 3,244 shares of the bank’s stock worth $249,000 after buying an additional 152 shares during the period. Huntington National Bank grew its stake in HDFC Bank by 13.3% in the 2nd quarter. Huntington National Bank now owns 1,349 shares of the bank’s stock valued at $103,000 after buying an additional 158 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in HDFC Bank by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 14,694 shares of the bank’s stock worth $1,127,000 after acquiring an additional 194 shares during the period. Finally, Rehmann Capital Advisory Group lifted its position in HDFC Bank by 1.5% during the 2nd quarter. Rehmann Capital Advisory Group now owns 15,022 shares of the bank’s stock worth $1,152,000 after acquiring an additional 215 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Down 0.7%

Shares of NYSE HDB opened at $32.11 on Thursday. The firm has a market capitalization of $163.78 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 1.30 and a beta of 0.57. HDFC Bank Limited has a one year low of $29.04 and a one year high of $39.81. The business has a fifty day simple moving average of $35.33 and a 200 day simple moving average of $36.07.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Tuesday, January 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. HDFC Bank had a net margin of 14.92% and a return on equity of 11.06%. The firm had revenue of $16.48 billion for the quarter, compared to analyst estimates of $5.12 billion. On average, research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HDB has been the topic of a number of recent analyst reports. Wall Street Zen lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Weiss Ratings downgraded HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, January 12th. Finally, Zacks Research raised 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 Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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).