HDFC Bank Limited $HDB Shares Acquired by Zevin Asset Management LLC

Zevin Asset Management LLC boosted its position in HDFC Bank Limited (NYSE:HDB) by 81.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 316,225 shares of the bank’s stock after buying an additional 141,968 shares during the quarter. HDFC Bank makes up about 1.6% of Zevin Asset Management LLC’s investment portfolio, making the stock its 28th biggest holding. Zevin Asset Management LLC’s holdings in HDFC Bank were worth $10,802,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. grew its position in shares of HDFC Bank by 118.3% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 56,469 shares of the bank’s stock worth $1,929,000 after acquiring an additional 30,598 shares in the last quarter. Westerkirk Capital Inc. bought a new position in HDFC Bank during the third quarter worth $2,796,000. Explore Capital Management LLC boosted its holdings in HDFC Bank by 163.6% in the third quarter. Explore Capital Management LLC now owns 298,860 shares of the bank’s stock worth $10,209,000 after purchasing an additional 185,480 shares during the period. Alliance Wealth Advisors LLC UT boosted its holdings in HDFC Bank by 53.9% in the third quarter. Alliance Wealth Advisors LLC UT now owns 8,625 shares of the bank’s stock worth $295,000 after purchasing an additional 3,020 shares during the period. Finally, OneDigital Investment Advisors LLC increased its stake in HDFC Bank by 42.5% during the third quarter. OneDigital Investment Advisors LLC now owns 25,770 shares of the bank’s stock valued at $880,000 after purchasing an additional 7,692 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

HDFC Bank stock opened at $33.11 on Monday. HDFC Bank Limited has a one year low of $29.23 and a one year high of $39.81. The company has a 50-day simple moving average of $33.94 and a 200-day simple moving average of $35.23. The firm has a market capitalization of $168.88 billion, a P/E ratio of 19.88, a P/E/G ratio of 1.38 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last posted its earnings results on Tuesday, January 20th. The bank reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. HDFC Bank had a net margin of 14.92% and a return on equity of 11.49%. The firm had revenue of $9.01 billion during the quarter, compared to analyst estimates of $5.12 billion. As a group, sell-side analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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).