HDFC Bank Limited $HDB Stock Position Lifted by Bamco Inc. NY

Bamco Inc. NY grew its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 100.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 107,320 shares of the bank’s stock after purchasing an additional 53,725 shares during the period. Bamco Inc. NY’s holdings in HDFC Bank were worth $3,666,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HDB. Central Pacific Bank Trust Division raised its position in shares of HDFC Bank by 100.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after buying an additional 379 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of HDFC Bank by 54.5% in the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock valued at $31,000 after acquiring an additional 322 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in shares of HDFC Bank by 476.8% in the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after acquiring an additional 739 shares in the last quarter. Accent Capital Management LLC increased its stake in shares of HDFC Bank by 100.0% during the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after acquiring an additional 459 shares during the period. Finally, J.Safra Asset Management Corp increased its stake in shares of HDFC Bank by 100.0% during the third quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock valued at $35,000 after acquiring an additional 510 shares during the period. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Trading Up 2.8%

NYSE:HDB opened at $29.01 on Tuesday. The company has a 50-day moving average of $32.17 and a 200-day moving average of $34.49. The firm has a market cap of $147.98 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 1.17 and a beta of 0.56. HDFC Bank Limited has a twelve month low of $28.05 and a twelve month high of $39.81.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on HDB shares. Weiss Ratings downgraded HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

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).