HDFC Bank Limited $HDB Stock Holdings Boosted by Value Partners Investments Inc.

Value Partners Investments Inc. grew its position in shares of HDFC Bank Limited (NYSE:HDB) by 85.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 543,129 shares of the bank’s stock after acquiring an additional 250,000 shares during the period. HDFC Bank comprises 0.8% of Value Partners Investments Inc.’s portfolio, making the stock its 24th largest position. Value Partners Investments Inc.’s holdings in HDFC Bank were worth $12,142,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Summitry LLC increased its holdings in HDFC Bank by 4.1% during the 1st quarter. Summitry LLC now owns 21,195 shares of the bank’s stock valued at $527,000 after purchasing an additional 842 shares during the period. Bell Investment Advisors Inc raised its position in HDFC Bank by 260.9% during the 1st quarter. Bell Investment Advisors Inc now owns 1,386 shares of the bank’s stock valued at $34,000 after purchasing an additional 1,002 shares during the last quarter. Vontobel Holding Ltd. raised its position in HDFC Bank by 0.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 232,512 shares of the bank’s stock valued at $5,194,000 after purchasing an additional 1,088 shares during the last quarter. InTrack Investment Management Inc lifted its holdings in HDFC Bank by 5.1% in the 2nd quarter. InTrack Investment Management Inc now owns 25,172 shares of the bank’s stock worth $650,000 after buying an additional 1,211 shares during the period. Finally, Axiom Investment Management LLC purchased a new stake in HDFC Bank in the 1st quarter worth approximately $32,000. 17.61% of the stock is owned by institutional investors.

HDFC Bank News Summary

Here are the key news stories impacting HDFC Bank this week:

• Positive Sentiment: Operating momentum remained solid: deposits and gross advances increased meaningfully year over year, retail loan disbursements reached INR 90,000 crore, and service-delivery turnaround times improved by 30%. HDFC Bank: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: HDFC Bank reported quarterly EPS of $0.40, in line with analysts’ expectations, and revenue of approximately $5.10 billion, above the $4.92 billion consensus estimate. HDFC Bank Quarterly Earnings Report
• Neutral Sentiment: Analysts characterized the results as broadly in line with expectations, supporting a neutral view while investors assess the bank’s leadership transition and future profitability. HDFC Bank: Neutral View Is Justified By In-Line Results And Leadership Transition
• Neutral Sentiment: Institutional positioning was mixed in the latest reported quarter, with major additions from Morgan Stanley and JPMorgan partly offset by large reductions from GQG Partners and Principal Financial Group.
• Negative Sentiment: Earnings quality appeared softer: lower treasury-related income and increased bad-loan provisions pressured profitability despite year-over-year profit growth. This raised concerns about margins and the composition of earnings. HDFC Bank ADR Falls After Quarterly Profit Miss and Ownership Overhang
• Negative Sentiment: Foreign ownership reportedly decreased during the September quarter, adding an ownership overhang to investor concerns. Recent disclosed insider activity also showed three sales and no purchases, although the transactions were relatively small compared with the bank’s market value.

HDFC Bank Price Performance

HDB traded down $0.75 on Monday, hitting $23.09. The company had a trading volume of 13,141,508 shares, compared to its average volume of 9,137,961. The stock has a fifty day simple moving average of $22.90 and a 200-day simple moving average of $24.25. The firm has a market capitalization of $118.46 billion, a P/E ratio of 13.58, a P/E/G ratio of 1.16 and a beta of 0.61. HDFC Bank Limited has a 52-week low of $21.70 and a 52-week high of $37.45.

HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, October 17th. The bank reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $4.92 billion. HDFC Bank had a return on equity of 11.84% and a net margin of 15.96%. Equities research analysts expect that HDFC Bank Limited will post 1.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Zacks Research upgraded HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. HSBC downgraded HDFC Bank from a “buy” rating to a “hold” rating and decreased their target price for the company from $30.80 to $26.10 in a report on Monday, August 31st. The Goldman Sachs Group started coverage on HDFC Bank in a research note on Friday, August 21st. They issued a “buy” rating for the company. Wall Street Zen cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Finally, Weiss Ratings downgraded shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.10.

About HDFC Bank

HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, India. Established in 1994, the bank provides services to individuals, businesses, corporations and institutions through a broad network of physical branches, ATMs and digital banking channels.

Its principal offerings include savings and current accounts, deposits, personal and home loans, vehicle and consumer financing, business and commercial lending, credit and debit cards, payments, investment and wealth-management services, and foreign-exchange and treasury products.