Helios Capital Management PTE. Ltd. Increases Stake in HDFC Bank Limited $HDB

Helios Capital Management PTE. Ltd. increased its holdings in HDFC Bank Limited (NYSE:HDB) by 5.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 168,700 shares of the bank’s stock after buying an additional 8,000 shares during the period. HDFC Bank accounts for approximately 10.0% of Helios Capital Management PTE. Ltd.’s portfolio, making the stock its largest position. Helios Capital Management PTE. Ltd.’s holdings in HDFC Bank were worth $12,934,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in HDFC Bank by 81.0% during the first quarter. BNP Paribas Financial Markets now owns 568,407 shares of the bank’s stock valued at $37,765,000 after acquiring an additional 254,395 shares during the last quarter. Acadian Asset Management LLC bought a new position in HDFC Bank during the first quarter valued at $19,366,000. Immersion Capital LLP bought a new position in HDFC Bank during the first quarter valued at $19,753,000. Raiffeisen Bank International AG grew its holdings in shares of HDFC Bank by 21.3% in the first quarter. Raiffeisen Bank International AG now owns 193,223 shares of the bank’s stock worth $12,778,000 after purchasing an additional 33,983 shares during the last quarter. Finally, Eminence Capital LP grew its holdings in shares of HDFC Bank by 18.9% in the first quarter. Eminence Capital LP now owns 1,186,551 shares of the bank’s stock worth $78,834,000 after purchasing an additional 189,015 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

HDB has been the topic of a number of research analyst reports. Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of HDFC Bank in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

HDFC Bank Price Performance

NYSE:HDB opened at $35.78 on Thursday. HDFC Bank Limited has a 1-year low of $28.89 and a 1-year high of $39.81. The company has a 50-day moving average of $35.44 and a 200 day moving average of $36.72. The firm has a market cap of $182.52 billion, a PE ratio of 21.75, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69.

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, 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 company had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.98 billion. Sell-side analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank 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.