ABN Amro Investment Solutions Buys 104,525 Shares of HDFC Bank Limited $HDB

ABN Amro Investment Solutions boosted its stake in HDFC Bank Limited (NYSE:HDB) by 100.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 209,050 shares of the bank’s stock after buying an additional 104,525 shares during the period. ABN Amro Investment Solutions’ holdings in HDFC Bank were worth $7,141,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of HDB. 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 last quarter. Insigneo Advisory Services LLC boosted 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 purchasing an additional 152 shares during the period. Huntington National Bank grew 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 valued at $103,000 after buying an additional 158 shares in the last quarter. Nisa Investment Advisors LLC increased its position 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 during the period. Finally, Rehmann Capital Advisory Group increased its position in HDFC Bank by 1.5% during the 2nd quarter. Rehmann Capital Advisory Group now owns 15,022 shares of the bank’s stock worth $1,152,000 after buying an additional 215 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HDB shares. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research 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 note on Monday, January 26th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

HDFC Bank Stock Down 1.2%

HDB stock opened at $32.47 on Friday. HDFC Bank Limited has a 52 week low of $29.23 and a 52 week high of $39.81. The business has a 50-day simple moving average of $34.20 and a 200 day simple moving average of $35.44. The company has a market cap of $165.65 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 1.32 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last released its earnings results on Tuesday, January 20th. The bank reported $0.43 EPS for the quarter, beating 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 analyst estimates of $5.12 billion. On average, analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank 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).