Natural Investments LLC Raises Stock Holdings in HDFC Bank Limited $HDB

Natural Investments LLC boosted its position in shares of HDFC Bank Limited (NYSE:HDB) by 99.1% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 38,938 shares of the bank’s stock after acquiring an additional 19,381 shares during the quarter. Natural Investments LLC’s holdings in HDFC Bank were worth $1,330,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of HDB. Financial Perspectives Inc raised its stake 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 worth $826,000 after purchasing an additional 136 shares during the last quarter. Insigneo Advisory Services LLC boosted its position in HDFC Bank by 4.9% in the second quarter. Insigneo Advisory Services LLC now owns 3,244 shares of the bank’s stock valued at $249,000 after buying an additional 152 shares during the last quarter. Huntington National Bank increased 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 worth $103,000 after buying an additional 158 shares during the period. Nisa Investment Advisors LLC increased its holdings in HDFC Bank by 1.3% in 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 raised 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 last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on HDB. Zacks Research raised shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Wall Street Zen lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HDFC Bank in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

HDFC Bank Price Performance

HDB opened at $35.92 on Friday. The firm has a fifty day moving average price of $36.17 and a 200 day moving average price of $36.61. HDFC Bank Limited has a 1 year low of $28.89 and a 1 year high of $39.81. The stock has a market cap of $183.25 billion, a P/E ratio of 21.84, a P/E/G ratio of 1.62 and a beta of 0.58.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Saturday, October 18th. The bank reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. The company had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $4.98 billion. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. Equities analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

About HDFC Bank

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).