Jupiter Asset Management Ltd. Has $7.37 Million Holdings in HDFC Bank Limited $HDB

Jupiter Asset Management Ltd. raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 98.4% in the third quarter, HoldingsChannel reports. The fund owned 215,638 shares of the bank’s stock after acquiring an additional 106,962 shares during the period. Jupiter Asset Management Ltd.’s holdings in HDFC Bank were worth $7,366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Central Pacific Bank Trust Division lifted its holdings in 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 purchasing an additional 379 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings 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 buying an additional 322 shares in the last quarter. J.Safra Asset Management Corp increased its position in HDFC Bank by 100.0% during the 3rd quarter. J.Safra Asset Management Corp now owns 1,020 shares of the bank’s stock worth $35,000 after buying an additional 510 shares during the period. Roxbury Financial LLC lifted its holdings in shares of HDFC Bank by 194.9% during the third quarter. Roxbury Financial LLC now owns 1,162 shares of the bank’s stock worth $40,000 after buying an additional 768 shares in the last quarter. Finally, Whipplewood Advisors LLC lifted its holdings in shares of HDFC Bank by 112.0% during the second quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock worth $42,000 after buying an additional 290 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on HDB shares. Weiss Ratings upgraded shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Wall Street Zen upgraded shares of 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 MarketBeat.com, the stock has a consensus rating of “Hold”.

HDFC Bank Stock Up 1.2%

HDB stock opened at $33.11 on Friday. HDFC Bank Limited has a 52 week low of $29.23 and a 52 week high of $39.81. The business has a 50-day simple moving average of $33.94 and a 200 day simple moving average of $35.25. The company has a market cap of $168.88 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.38 and a beta of 0.57.

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. 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 for the quarter, compared to the consensus estimate of $5.12 billion. On average, analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank Company 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).