HDFC Bank Limited $HDB Shares Acquired by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 114.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 538,000 shares of the bank’s stock after purchasing an additional 287,200 shares during the quarter. HDFC Bank makes up approximately 0.7% of Tokio Marine Asset Management Co. Ltd.’s holdings, making the stock its 28th largest holding. Tokio Marine Asset Management Co. Ltd.’s holdings in HDFC Bank were worth $18,378,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. NewEdge Advisors LLC boosted its stake in HDFC Bank by 8.6% in the first quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock valued at $776,000 after acquiring an additional 922 shares during the period. Goldman Sachs Group Inc. lifted its position in HDFC Bank by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank’s stock worth $58,723,000 after purchasing an additional 13,435 shares during the period. Central Pacific Bank Trust Division bought a new stake in shares of HDFC Bank in the 2nd quarter worth $29,000. Roxbury Financial LLC acquired a new stake in HDFC Bank in the 2nd quarter valued at about $30,000. Finally, Aaron Wealth Advisors LLC lifted its stake in HDFC Bank by 34.6% during the second quarter. Aaron Wealth Advisors LLC now owns 10,866 shares of the bank’s stock valued at $833,000 after purchasing an additional 2,793 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Analysts Set New Price Targets

HDB has been the subject of several research analyst reports. Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of HDFC Bank in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

HDFC Bank Trading Down 0.9%

NYSE:HDB opened at $33.11 on Monday. The firm has a market capitalization of $168.88 billion, a price-to-earnings ratio of 20.12, a PEG ratio of 1.33 and a beta of 0.57. The business’s 50-day moving average price is $35.88 and its two-hundred day moving average price is $36.37. HDFC Bank Limited has a 1-year low of $28.89 and a 1-year high of $39.81.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, October 18th. The bank reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. The company had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $4.98 billion. HDFC Bank had a return on equity of 11.49% and a net margin of 14.94%. Sell-side analysts predict that HDFC Bank Limited will post 3.03 earnings per share 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).