HDFC Bank Limited $HDB Shares Acquired by GAM Holding AG

GAM Holding AG lifted its position in HDFC Bank Limited (NYSE:HDB) by 100.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,134 shares of the bank’s stock after acquiring an additional 57,567 shares during the period. GAM Holding AG’s holdings in HDFC Bank were worth $3,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division raised its stake in HDFC Bank by 100.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock valued at $26,000 after purchasing an additional 379 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of HDFC Bank during the second quarter worth $30,000. Whipplewood Advisors LLC lifted its stake in shares of HDFC Bank by 112.0% in the second quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock worth $42,000 after buying an additional 290 shares in the last quarter. NewSquare Capital LLC boosted its position in HDFC Bank by 136.4% during 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. Finally, Assetmark Inc. boosted 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 last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Down 0.2%

Shares of HDFC Bank stock opened at $36.46 on Friday. The firm has a market cap of $185.99 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.64 and a beta of 0.57. HDFC Bank Limited has a 52 week low of $28.89 and a 52 week high of $39.81. The business’s fifty day simple moving average is $36.21 and its 200-day simple moving average is $36.52.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of HDFC Bank in a research report on Monday. Zacks Research upgraded HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Wall Street Zen lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

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).