Natixis Advisors LLC Has $170.76 Million Stock Holdings in HDFC Bank Limited $HDB

Natixis Advisors LLC increased its position in shares of HDFC Bank Limited (NYSE:HDB) by 109.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,998,806 shares of the bank’s stock after acquiring an additional 2,607,367 shares during the quarter. Natixis Advisors LLC owned about 0.10% of HDFC Bank worth $170,759,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of HDB. Assetmark Inc. lifted its stake in shares of HDFC Bank by 358.4% in the 2nd quarter. Assetmark Inc. now owns 706 shares of the bank’s stock valued at $54,000 after purchasing an additional 552 shares during the period. Central Pacific Bank Trust Division increased its holdings in shares of HDFC Bank by 100.0% in the third quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after acquiring an additional 379 shares in the last quarter. Clearstead Advisors LLC increased its stake in HDFC Bank by 476.8% during the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock worth $31,000 after purchasing an additional 739 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of HDFC Bank by 54.5% during the third 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 period. Finally, Accent Capital Management LLC raised its stake in shares of HDFC Bank by 100.0% in the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after purchasing an additional 459 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Down 2.9%

NYSE HDB opened at $29.50 on Friday. The company has a market capitalization of $150.49 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.23 and a beta of 0.56. The firm has a 50-day moving average price of $33.04 and a two-hundred day moving average price of $34.83. HDFC Bank Limited has a 12-month low of $29.23 and a 12-month high of $39.81.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on HDB. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings downgraded HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Reduce”.

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).