HDFC Bank Limited $HDB Shares Acquired by Cibc World Market Inc.

Cibc World Market Inc. boosted its stake in HDFC Bank Limited (NYSE:HDB) by 709.0% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 63,143 shares of the bank’s stock after acquiring an additional 55,338 shares during the quarter. Cibc World Market Inc.’s holdings in HDFC Bank were worth $2,157,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the stock. Financial Perspectives Inc grew its position in shares of HDFC Bank by 1.3% in the second quarter. Financial Perspectives Inc now owns 10,769 shares of the bank’s stock valued at $826,000 after purchasing an additional 136 shares during the period. Insigneo Advisory Services LLC lifted its stake in HDFC Bank by 4.9% in the 2nd quarter. Insigneo Advisory Services LLC now owns 3,244 shares of the bank’s stock valued at $249,000 after buying an additional 152 shares in the last quarter. Huntington National Bank boosted its holdings in HDFC Bank by 13.3% in the 2nd 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 increased its stake in HDFC Bank by 1.3% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,694 shares of the bank’s stock worth $1,127,000 after buying an additional 194 shares in the last quarter. Finally, Rehmann Capital Advisory Group raised its holdings in shares of HDFC Bank by 1.5% during the second quarter. Rehmann Capital Advisory Group now owns 15,022 shares of the bank’s stock valued at $1,152,000 after acquiring an additional 215 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

HDFC Bank Trading Down 1.2%

Shares of HDB stock opened at $32.47 on Tuesday. HDFC Bank Limited has a twelve month low of $29.23 and a twelve month high of $39.81. The company’s 50-day moving average price is $34.15 and its 200-day moving average price is $35.38. The stock has a market cap of $165.65 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.32 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last posted its earnings results on Tuesday, January 20th. The bank reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. The company had revenue of $16.48 billion for the quarter, compared to analyst estimates of $5.12 billion. HDFC Bank had a net margin of 14.92% and a return on equity of 11.49%. As a group, equities research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current 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).