Keybank National Association OH Acquires 34,151 Shares of HDFC Bank Limited $HDB

Keybank National Association OH increased its holdings in HDFC Bank Limited (NYSE:HDB) by 93.4% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 70,720 shares of the bank’s stock after buying an additional 34,151 shares during the quarter. Keybank National Association OH’s holdings in HDFC Bank were worth $2,416,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Financial Perspectives Inc boosted its holdings in HDFC Bank by 1.3% in the second quarter. Financial Perspectives Inc now owns 10,769 shares of the bank’s stock worth $826,000 after purchasing an additional 136 shares during the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of HDFC Bank by 4.9% in the second quarter. Insigneo Advisory Services LLC now owns 3,244 shares of the bank’s stock worth $249,000 after acquiring an additional 152 shares during the period. Huntington National Bank grew its holdings in shares of HDFC Bank by 13.3% in the second quarter. Huntington National Bank now owns 1,349 shares of the bank’s stock worth $103,000 after acquiring an additional 158 shares during the period. Nisa Investment Advisors LLC increased its position in HDFC Bank by 1.3% during the second quarter. Nisa Investment Advisors LLC now owns 14,694 shares of the bank’s stock valued at $1,127,000 after acquiring an additional 194 shares during the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in HDFC Bank by 1.5% in the second quarter. Rehmann Capital Advisory Group now owns 15,022 shares of the bank’s stock valued at $1,152,000 after acquiring an additional 215 shares during the period. Institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HDB. Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings upgraded shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, HDFC Bank presently has a consensus rating of “Hold”.

HDFC Bank Stock Up 4.3%

HDB stock opened at $33.78 on Tuesday. The business’s 50-day moving average price is $34.66 and its 200-day moving average price is $35.74. The stock has a market cap of $172.32 billion, a P/E ratio of 20.29, a PEG ratio of 1.32 and a beta of 0.57. HDFC Bank Limited has a twelve month low of $29.23 and a twelve month high of $39.81.

HDFC Bank (NYSE:HDB) last released its earnings results on Tuesday, January 20th. The bank reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The company had revenue of $16.48 billion for the quarter, compared to analysts’ expectations of $5.12 billion. HDFC Bank had a net margin of 14.92% and a return on equity of 11.49%. On average, equities research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

HDFC Bank 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).