Callan Family Office LLC Boosts Stock Holdings in HDFC Bank Limited $HDB

Callan Family Office LLC raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 64.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 125,940 shares of the bank’s stock after purchasing an additional 49,295 shares during the period. Callan Family Office LLC’s holdings in HDFC Bank were worth $4,302,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Central Pacific Bank Trust Division grew its stake in shares of HDFC Bank by 100.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after acquiring an additional 379 shares during the period. Parkside Financial Bank & Trust raised its stake in HDFC Bank by 54.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock valued at $31,000 after acquiring an additional 322 shares during the period. J.Safra Asset Management Corp raised its stake in HDFC Bank by 100.0% in the 3rd quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock valued at $35,000 after acquiring an additional 510 shares during the period. Roxbury Financial LLC raised its stake in HDFC Bank by 194.9% in the 3rd quarter. Roxbury Financial LLC now owns 1,162 shares of the bank’s stock valued at $40,000 after acquiring an additional 768 shares during the period. Finally, Whipplewood Advisors LLC lifted its holdings in HDFC Bank by 112.0% during the second quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock valued at $42,000 after purchasing an additional 290 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

HDFC Bank Price Performance

NYSE HDB opened at $33.55 on Wednesday. The company’s 50 day simple moving average is $34.61 and its two-hundred day simple moving average is $35.71. HDFC Bank Limited has a 1 year low of $29.23 and a 1 year high of $39.81. The stock has a market capitalization of $171.13 billion, a PE ratio of 20.15, a P/E/G ratio of 1.37 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Tuesday, January 20th. The bank reported $0.43 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 $16.48 billion during the quarter, compared to analyst estimates of $5.12 billion. On average, research analysts anticipate 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).