Fiera Capital Corp Has $315 Million Stake in HDFC Bank Limited $HDB

Fiera Capital Corp raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 93.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,221,356 shares of the bank’s stock after acquiring an additional 4,447,930 shares during the period. Fiera Capital Corp owned approximately 0.18% of HDFC Bank worth $315,002,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HDB. Comgest Global Investors S.A.S. boosted its stake in HDFC Bank by 85.0% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 541,683 shares of the bank’s stock valued at $18,504,000 after purchasing an additional 248,822 shares during the period. L & S Advisors Inc lifted its holdings in shares of HDFC Bank by 126.7% during the third quarter. L & S Advisors Inc now owns 48,925 shares of the bank’s stock worth $1,671,000 after buying an additional 27,348 shares during the last quarter. Synovus Financial Corp boosted its position in shares of HDFC Bank by 95.3% in the third quarter. Synovus Financial Corp now owns 45,290 shares of the bank’s stock valued at $1,547,000 after acquiring an additional 22,105 shares during the period. NewEdge Wealth LLC grew its stake in shares of HDFC Bank by 151.3% in the third quarter. NewEdge Wealth LLC now owns 50,093 shares of the bank’s stock worth $1,795,000 after acquiring an additional 30,162 shares during the last quarter. Finally, Pzena Investment Management LLC increased its position in HDFC Bank by 47.2% during the third quarter. Pzena Investment Management LLC now owns 859,167 shares of the bank’s stock worth $29,349,000 after acquiring an additional 275,689 shares during the period. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on HDB shares. Wall Street Zen upgraded 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 research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

HDFC Bank Price Performance

HDFC Bank stock opened at $32.73 on Friday. The business has a 50 day simple moving average of $34.00 and a 200 day simple moving average of $35.30. The company has a market capitalization of $166.95 billion, a PE ratio of 19.66, a price-to-earnings-growth ratio of 1.39 and a beta of 0.57. HDFC Bank Limited has a one year low of $29.23 and a one year high of $39.81.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Tuesday, January 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.04. The firm had revenue of $16.48 billion during the quarter, compared to analyst estimates of $5.12 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.92%. Equities analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal 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).