Earnest Partners LLC Has $81.76 Million Stock Holdings in HDFC Bank Limited $HDB

Earnest Partners LLC lifted its position in shares of HDFC Bank Limited (NYSE:HDB) by 97.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,393,566 shares of the bank’s stock after purchasing an additional 1,184,233 shares during the period. Earnest Partners LLC’s holdings in HDFC Bank were worth $81,764,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Central Pacific Bank Trust Division raised its holdings in HDFC Bank by 100.0% in the 3rd quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock valued at $26,000 after buying an additional 379 shares during the last quarter. Parkside Financial Bank & Trust grew its holdings in HDFC Bank by 54.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after acquiring an additional 322 shares during the last quarter. Accent Capital Management LLC grew its holdings in HDFC Bank by 100.0% during the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock worth $31,000 after acquiring an additional 459 shares during the last quarter. Clearstead Advisors LLC increased its position in HDFC Bank by 476.8% in the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after acquiring an additional 739 shares during the period. Finally, J.Safra Asset Management Corp raised its stake in shares of HDFC Bank by 100.0% during the third 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 last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HDB shares. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Weiss Ratings lowered HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

HDFC Bank Stock Performance

HDFC Bank stock opened at $28.25 on Monday. HDFC Bank Limited has a 52-week low of $28.05 and a 52-week high of $39.81. The firm has a 50 day moving average price of $32.28 and a two-hundred day moving average price of $34.54. The firm has a market cap of $144.11 billion, a price-to-earnings ratio of 16.97, a PEG ratio of 1.17 and a beta of 0.56.

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).