HDFC Bank Limited $HDB Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in HDFC Bank Limited (NYSE:HDB) by 67.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,015,297 shares of the bank’s stock after acquiring an additional 808,472 shares during the quarter. Envestnet Asset Management Inc.’s holdings in HDFC Bank were worth $68,843,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. NewEdge Advisors LLC lifted its position in shares of HDFC Bank by 8.6% during the 1st quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock worth $776,000 after purchasing an additional 922 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of HDFC Bank by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank’s stock worth $58,723,000 after acquiring an additional 13,435 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of HDFC Bank by 24.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 7,840 shares of the bank’s stock valued at $601,000 after acquiring an additional 1,541 shares during the last quarter. Blair William & Co. IL raised its position in shares of HDFC Bank by 10.6% during the 2nd quarter. Blair William & Co. IL now owns 8,219 shares of the bank’s stock worth $630,000 after acquiring an additional 785 shares in the last quarter. Finally, IFP Advisors Inc raised its position in shares of HDFC Bank by 17.0% during the 2nd quarter. IFP Advisors Inc now owns 9,733 shares of the bank’s stock worth $746,000 after acquiring an additional 1,414 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Trading Up 1.3%

Shares of NYSE HDB opened at $34.43 on Monday. The stock has a market cap of $175.64 billion, a P/E ratio of 20.68, a P/E/G ratio of 1.40 and a beta of 0.57. HDFC Bank Limited has a twelve month low of $29.23 and a twelve month high of $39.81. The stock has a 50 day moving average of $34.45 and a two-hundred day moving average of $35.61.

HDFC Bank (NYSE:HDB) last announced its earnings results on Tuesday, January 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business 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, research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Ratings Changes

HDB has been the subject of a number of research analyst 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 report on Monday, January 26th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, HDFC Bank currently has a consensus 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).