Blair William & Co. IL Raises Position in HDFC Bank Limited (NYSE:HDB)

Blair William & Co. IL increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 4.1% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,947 shares of the bank’s stock after purchasing an additional 633 shares during the period. Blair William & Co. IL’s holdings in HDFC Bank were worth $1,026,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its holdings in shares of HDFC Bank by 85.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 46,326 shares of the bank’s stock valued at $2,953,000 after purchasing an additional 21,344 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of HDFC Bank by 6.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 13,906 shares of the bank’s stock valued at $895,000 after purchasing an additional 833 shares during the last quarter. Wealth Alliance raised its holdings in shares of HDFC Bank by 53.2% during the second quarter. Wealth Alliance now owns 17,281 shares of the bank’s stock valued at $1,112,000 after purchasing an additional 6,002 shares during the last quarter. Foresight Global Investors Inc. raised its holdings in shares of HDFC Bank by 19.8% during the second quarter. Foresight Global Investors Inc. now owns 243,461 shares of the bank’s stock valued at $15,662,000 after purchasing an additional 40,170 shares during the last quarter. Finally, L & S Advisors Inc purchased a new position in shares of HDFC Bank during the second quarter valued at approximately $1,840,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 0.1 %

Shares of HDB stock opened at $66.08 on Wednesday. The company has a 50 day simple moving average of $61.01 and a two-hundred day simple moving average of $59.48. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.37. The stock has a market cap of $122.90 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.63 and a beta of 0.92. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $67.44.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. The firm had revenue of $14.03 billion during the quarter, compared to analysts’ expectations of $4.81 billion. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. On average, research analysts expect that HDFC Bank Limited will post 2.97 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HDB has been the subject of a number of research reports. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Thursday, June 13th. JPMorgan Chase & Co. cut shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd.

HDFC Bank Company Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.