Hexavest Inc. Increases Holdings in HDFC Bank Limited (NYSE:HDB)

Hexavest Inc. grew its holdings in HDFC Bank Limited (NYSE:HDB) by 879.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,645 shares of the bank’s stock after acquiring an additional 23,026 shares during the period. Hexavest Inc.’s holdings in HDFC Bank were worth $1,463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Natixis increased its holdings in shares of HDFC Bank by 1.2% in the second quarter. Natixis now owns 8,396 shares of the bank’s stock worth $1,092,000 after purchasing an additional 99 shares during the last quarter. Rehmann Capital Advisory Group increased its holdings in shares of HDFC Bank by 9.1% in the second quarter. Rehmann Capital Advisory Group now owns 1,313 shares of the bank’s stock worth $171,000 after purchasing an additional 110 shares during the last quarter. World Asset Management Inc increased its holdings in shares of HDFC Bank by 0.9% in the second quarter. World Asset Management Inc now owns 13,134 shares of the bank’s stock worth $1,708,000 after purchasing an additional 113 shares during the last quarter. Capital Insight Partners LLC increased its holdings in shares of HDFC Bank by 1.4% in the second quarter. Capital Insight Partners LLC now owns 8,648 shares of the bank’s stock worth $1,125,000 after purchasing an additional 116 shares during the last quarter. Finally, Atlas Capital Advisors LLC increased its holdings in shares of HDFC Bank by 3.1% in the second quarter. Atlas Capital Advisors LLC now owns 4,708 shares of the bank’s stock worth $612,000 after purchasing an additional 140 shares during the last quarter. Institutional investors and hedge funds own 9.18% of the company’s stock.

Shares of HDB stock opened at $56.04 on Friday. HDFC Bank Limited has a 12-month low of $43.62 and a 12-month high of $65.89. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.64. The stock’s 50-day moving average price is $90.91 and its 200-day moving average price is $112.44. The stock has a market capitalization of $103.09 billion, a price-to-earnings ratio of 33.21, a price-to-earnings-growth ratio of 1.14 and a beta of 0.43.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, July 20th. The bank reported $0.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.03). HDFC Bank had a return on equity of 13.23% and a net margin of 17.98%. The company had revenue of $4.65 billion for the quarter. As a group, research analysts predict that HDFC Bank Limited will post 2.06 EPS for the current fiscal year.

HDB has been the topic of several research reports. Zacks Investment Research cut HDFC Bank from a “buy” rating to a “hold” rating in a report on Thursday, October 3rd. Sanford C. Bernstein cut HDFC Bank from an “outperform” rating to a “market perform” rating in a report on Monday, September 9th.

HDFC Bank Company Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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