Henry James International Management Inc. Grows Stake in HDFC Bank Limited $HDB

Henry James International Management Inc. raised its position in HDFC Bank Limited (NYSE:HDB) by 100.0% during the third quarter, Holdings Channel reports. The fund owned 83,486 shares of the bank’s stock after acquiring an additional 41,743 shares during the period. Henry James International Management Inc.’s holdings in HDFC Bank were worth $2,852,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Financial Perspectives Inc grew its position in shares of HDFC Bank by 1.3% during the 2nd quarter. Financial Perspectives Inc now owns 10,769 shares of the bank’s stock valued at $826,000 after acquiring an additional 136 shares during the period. Insigneo Advisory Services LLC boosted its holdings in HDFC Bank by 4.9% in the 2nd quarter. Insigneo Advisory Services LLC now owns 3,244 shares of the bank’s stock worth $249,000 after buying an additional 152 shares during the period. Huntington National Bank raised its holdings in HDFC Bank by 13.3% during the second quarter. Huntington National Bank now owns 1,349 shares of the bank’s stock valued at $103,000 after acquiring an additional 158 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of HDFC Bank by 1.3% in the second quarter. Nisa Investment Advisors LLC now owns 14,694 shares of the bank’s stock valued at $1,127,000 after acquiring an additional 194 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its holdings in HDFC Bank by 1.5% in the 2nd quarter. Rehmann Capital Advisory Group now owns 15,022 shares of the bank’s stock worth $1,152,000 after purchasing an additional 215 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Performance

NYSE:HDB opened at $33.16 on Wednesday. The firm has a 50-day simple moving average of $35.76 and a 200-day simple moving average of $36.29. HDFC Bank Limited has a one year low of $29.01 and a one year high of $39.81. The firm has a market cap of $169.19 billion, a P/E ratio of 20.16, a P/E/G ratio of 1.35 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, October 18th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.08. The company had revenue of $8.08 billion for the quarter, compared to analyst estimates of $4.98 billion. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. On average, research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HDB. Wall Street Zen downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Zacks Research upgraded HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Weiss Ratings downgraded HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, HDFC Bank currently has an average rating of “Moderate Buy”.

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).