26,884 Shares in HDFC Bank Limited $HDB Acquired by Caprock Group LLC

Caprock Group LLC bought a new stake in shares of HDFC Bank Limited (NYSE:HDB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 26,884 shares of the bank’s stock, valued at approximately $918,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Rhumbline Advisers raised its position in shares of HDFC Bank by 110.9% during the 3rd quarter. Rhumbline Advisers now owns 522,113 shares of the bank’s stock valued at $17,835,000 after buying an additional 274,567 shares in the last quarter. Impax Asset Management Group plc increased its stake in HDFC Bank by 77.3% in the third quarter. Impax Asset Management Group plc now owns 1,687,380 shares of the bank’s stock valued at $57,641,000 after acquiring an additional 735,409 shares during the last quarter. Endowment Wealth Management Inc. raised its position in HDFC Bank by 94.5% during the third quarter. Endowment Wealth Management Inc. now owns 11,694 shares of the bank’s stock valued at $399,000 after purchasing an additional 5,683 shares in the last quarter. Advisors Asset Management Inc. raised its position in HDFC Bank by 94.8% during the third quarter. Advisors Asset Management Inc. now owns 69,271 shares of the bank’s stock valued at $2,366,000 after purchasing an additional 33,711 shares in the last quarter. Finally, Madison Asset Management LLC lifted its stake in HDFC Bank by 96.2% during the third quarter. Madison Asset Management LLC now owns 95,050 shares of the bank’s stock worth $3,247,000 after purchasing an additional 46,603 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $32.47 on Monday. HDFC Bank Limited has a one year low of $29.23 and a one year high of $39.81. The business’s 50 day simple moving average is $34.20 and its two-hundred day simple moving average is $35.42. The stock has a market capitalization of $165.65 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 1.32 and a beta of 0.57.

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 the consensus estimate of $0.39 by $0.04. HDFC Bank had a net margin of 14.92% and a return on equity of 11.49%. The firm had revenue of $16.48 billion for the quarter, compared to analysts’ expectations of $5.12 billion. Sell-side analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

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