Robeco Institutional Asset Management B.V. Increases Position in HDFC Bank Limited $HDB

Robeco Institutional Asset Management B.V. increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 150.1% during the third quarter, Holdings Channel reports. The institutional investor owned 11,601,628 shares of the bank’s stock after acquiring an additional 6,963,646 shares during the period. HDFC Bank comprises about 0.6% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 24th biggest position. Robeco Institutional Asset Management B.V.’s holdings in HDFC Bank were worth $396,312,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Central Pacific Bank Trust Division lifted its position in shares of HDFC Bank by 100.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock valued at $26,000 after acquiring an additional 379 shares during the period. Roxbury Financial LLC purchased a new position in HDFC Bank in the 2nd quarter valued at approximately $30,000. Whipplewood Advisors LLC boosted its position in HDFC Bank by 112.0% during the second quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock worth $42,000 after purchasing an additional 290 shares in the last quarter. Park Place Capital Corp boosted its position in HDFC Bank by 100.0% during the third quarter. Park Place Capital Corp now owns 1,426 shares of the bank’s stock worth $49,000 after purchasing an additional 713 shares in the last quarter. Finally, NewSquare Capital LLC grew its holdings in HDFC Bank by 136.4% in the second quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock valued at $52,000 after purchasing an additional 390 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wall Street Zen downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings restated a “hold (c-)” rating on shares of HDFC Bank in a report on Monday, December 29th. Finally, Zacks Research raised shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. 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 company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

HDFC Bank Stock Down 6.3%

NYSE HDB opened at $34.19 on Tuesday. HDFC Bank Limited has a fifty-two week low of $28.89 and a fifty-two week high of $39.81. The business has a fifty day moving average of $36.16 and a 200-day moving average of $36.49. The stock has a market cap of $174.39 billion, a price-to-earnings ratio of 20.78, a price-to-earnings-growth ratio of 1.64 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Saturday, October 18th. The bank reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. The firm had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $4.98 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.94%. As a group, analysts anticipate 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).