Atria Investments Inc Boosts Stake in HDFC Bank Limited $HDB

Atria Investments Inc grew its stake in HDFC Bank Limited (NYSE:HDB) by 14.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,843 shares of the bank’s stock after buying an additional 5,627 shares during the period. Atria Investments Inc’s holdings in HDFC Bank were worth $3,515,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new position in shares of HDFC Bank in the 2nd quarter valued at $29,000. Roxbury Financial LLC purchased a new stake in HDFC Bank during the 2nd quarter valued at about $30,000. Larson Financial Group LLC grew its stake in HDFC Bank by 1,217.1% during the 1st quarter. Larson Financial Group LLC now owns 461 shares of the bank’s stock valued at $31,000 after purchasing an additional 426 shares during the last quarter. Cullen Frost Bankers Inc. lifted its holdings in shares of HDFC Bank by 448.7% during the first quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank’s stock worth $41,000 after purchasing an additional 507 shares during the period. Finally, Whipplewood Advisors LLC lifted its holdings in shares of 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 during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

Shares of NYSE HDB opened at $36.19 on Monday. The company’s fifty day moving average price is $35.45 and its 200 day moving average price is $36.72. HDFC Bank Limited has a 1 year low of $28.89 and a 1 year high of $39.81. The company has a market capitalization of $184.60 billion, a PE ratio of 22.00, a price-to-earnings-growth ratio of 1.92 and a beta of 0.63.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, October 18th. The bank reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.98 billion. On average, equities analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on HDB. Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reiterated a “hold (c)” rating on shares of HDFC Bank in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. One 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 data from MarketBeat.com, HDFC Bank has an average rating of “Moderate Buy”.

HDFC Bank Company Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.