HDFC Bank Limited $HDB is Helios Capital Management PTE. Ltd.’s 2nd Largest Position

Helios Capital Management PTE. Ltd. grew its holdings in HDFC Bank Limited (NYSE:HDB) by 100.0% during the 3rd quarter, Holdings Channel reports. The fund owned 337,400 shares of the bank’s stock after buying an additional 168,700 shares during the period. HDFC Bank comprises 7.8% of Helios Capital Management PTE. Ltd.’s portfolio, making the stock its 2nd biggest holding. Helios Capital Management PTE. Ltd.’s holdings in HDFC Bank were worth $11,526,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of HDB. Freemont Capital Pte Ltd bought a new stake in HDFC Bank in the second quarter worth $1,073,000. PineStone Asset Management Inc. grew its stake in shares of HDFC Bank by 100.4% in the 3rd quarter. PineStone Asset Management Inc. now owns 8,163,734 shares of the bank’s stock worth $278,873,000 after buying an additional 4,089,267 shares in the last quarter. Perpetual Ltd increased its holdings in shares of HDFC Bank by 1.4% in the 2nd quarter. Perpetual Ltd now owns 1,101,834 shares of the bank’s stock worth $84,478,000 after buying an additional 15,227 shares during the last quarter. Lazard Asset Management LLC increased its stake in HDFC Bank by 22.2% during the second quarter. Lazard Asset Management LLC now owns 5,523,962 shares of the bank’s stock worth $423,520,000 after acquiring an additional 1,002,394 shares during the last quarter. Finally, GAM Holding AG increased its position in shares of HDFC Bank by 100.0% during the 3rd quarter. GAM Holding AG now owns 115,134 shares of the bank’s stock valued at $3,933,000 after purchasing an additional 57,567 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $33.11 on Monday. HDFC Bank Limited has a 1-year low of $28.89 and a 1-year high of $39.81. The business has a fifty day moving average price of $35.88 and a 200 day moving average price of $36.37. The stock has a market capitalization of $168.88 billion, a P/E ratio of 20.12, a price-to-earnings-growth ratio of 1.33 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last posted its earnings results 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 company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $4.98 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.94%. As a group, equities research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HDB shares. Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of HDFC Bank in a research note on Monday, December 29th. Finally, Wall Street Zen lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, HDFC Bank presently 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).