Atria Investments Inc Increases Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Atria Investments Inc boosted its stake in HDFC Bank Limited (NYSE:HDB) by 9.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 48,111 shares of the bank’s stock after buying an additional 4,119 shares during the quarter. Atria Investments Inc’s holdings in HDFC Bank were worth $3,010,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Portside Wealth Group LLC lifted its position in shares of HDFC Bank by 24.6% during the third quarter. Portside Wealth Group LLC now owns 8,731 shares of the bank’s stock valued at $546,000 after purchasing an additional 1,721 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of HDFC Bank by 31.5% during the 3rd quarter. Principal Financial Group Inc. now owns 47,225 shares of the bank’s stock worth $2,954,000 after buying an additional 11,319 shares in the last quarter. Marks Group Wealth Management Inc boosted its stake in shares of HDFC Bank by 62.8% in the 3rd quarter. Marks Group Wealth Management Inc now owns 21,597 shares of the bank’s stock worth $1,351,000 after buying an additional 8,335 shares during the last quarter. PDS Planning Inc bought a new position in shares of HDFC Bank in the third quarter valued at approximately $569,000. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of HDFC Bank by 143.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,240,388 shares of the bank’s stock valued at $77,599,000 after acquiring an additional 731,388 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HDB. StockNews.com raised HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. downgraded shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd.

HDFC Bank Stock Down 1.2 %

HDFC Bank stock opened at $61.38 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. The company has a market capitalization of $155.43 billion, a P/E ratio of 18.60, a P/E/G ratio of 1.63 and a beta of 0.91. The firm has a 50 day moving average price of $62.82 and a 200-day moving average price of $60.93. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $67.44.

HDFC Bank (NYSE:HDB) last released its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. As a group, equities analysts predict that HDFC Bank Limited will post 3.2 EPS for the current year.

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.