HDFC Bank Limited $HDB Stake Boosted by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC grew its position in HDFC Bank Limited (NYSE:HDB) by 100.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 38,790 shares of the bank’s stock after purchasing an additional 19,421 shares during the period. Prime Capital Investment Advisors LLC’s holdings in HDFC Bank were worth $1,325,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Whipplewood Advisors LLC raised its stake in shares of HDFC Bank by 112.0% in the 2nd quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock valued at $42,000 after acquiring an additional 290 shares in the last quarter. NewSquare Capital LLC grew its stake in shares of HDFC Bank by 136.4% in the second quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock worth $52,000 after acquiring an additional 390 shares during the last quarter. Assetmark Inc. increased its position in HDFC Bank by 358.4% during the second quarter. Assetmark Inc. now owns 706 shares of the bank’s stock worth $54,000 after acquiring an additional 552 shares during the period. Central Pacific Bank Trust Division increased its position in HDFC Bank by 100.0% during the third quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after acquiring an additional 379 shares during the period. Finally, Parkside Financial Bank & Trust raised its stake in HDFC Bank by 54.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock valued at $31,000 after purchasing an additional 322 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HDB has been the subject of several recent research reports. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings upgraded shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, HDFC Bank currently has a consensus rating of “Hold”.

HDFC Bank Stock Performance

Shares of NYSE:HDB opened at $34.43 on Monday. The company’s fifty day moving average is $34.45 and its 200-day moving average is $35.61. HDFC Bank Limited has a 52 week low of $29.23 and a 52 week high of $39.81. The company has a market capitalization of $175.64 billion, a PE ratio of 20.68, a P/E/G ratio of 1.40 and a beta of 0.57.

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. The firm had revenue of $16.48 billion during the quarter, compared to the consensus estimate of $5.12 billion. HDFC Bank had a net margin of 14.92% and a return on equity of 11.49%. On average, analysts forecast 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).