Triglav Investments D.O.O. Has $1.67 Million Position in HDFC Bank Limited $HDB

Triglav Investments D.O.O. increased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 100.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,000 shares of the bank’s stock after purchasing an additional 24,500 shares during the period. Triglav Investments D.O.O.’s holdings in HDFC Bank were worth $1,674,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Robeco Institutional Asset Management B.V. lifted its stake in HDFC Bank by 150.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 11,601,628 shares of the bank’s stock valued at $396,312,000 after buying an additional 6,963,646 shares in the last quarter. Schroder Investment Management Group raised its holdings in shares of HDFC Bank by 19.0% during the second quarter. Schroder Investment Management Group now owns 10,614,708 shares of the bank’s stock worth $813,830,000 after acquiring an additional 1,692,243 shares during the period. Massachusetts Financial Services Co. MA lifted its position in HDFC Bank by 89.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 10,209,034 shares of the bank’s stock valued at $348,741,000 after acquiring an additional 4,810,042 shares in the last quarter. PineStone Asset Management Inc. boosted its stake in 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 purchasing an additional 4,089,267 shares during the period. Finally, Baillie Gifford & Co. increased its holdings in HDFC Bank by 97.1% during the 3rd quarter. Baillie Gifford & Co. now owns 6,806,818 shares of the bank’s stock worth $232,521,000 after purchasing an additional 3,353,109 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Weiss Ratings raised HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, HDFC Bank presently has a consensus rating of “Hold”.

HDFC Bank Stock Performance

Shares of NYSE HDB opened at $33.94 on Thursday. The stock has a 50 day moving average price of $34.55 and a 200 day moving average price of $35.70. The stock has a market capitalization of $173.14 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.36 and a beta of 0.57. HDFC Bank Limited has a 52 week low of $29.23 and a 52 week high of $39.81.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Tuesday, January 20th. The bank reported $0.43 earnings per share (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 return on equity of 11.49% and a net margin of 14.92%. As a group, research analysts forecast 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).