UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $213.85 Million Holdings in HDFC Bank Limited (NYSE:HDB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 2,092.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,418,328 shares of the bank’s stock after purchasing an additional 3,262,442 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in HDFC Bank were worth $213,851,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Ridgewood Investments LLC acquired a new stake in shares of HDFC Bank in the second quarter valued at approximately $36,000. Northwest Investment Counselors LLC bought a new position in HDFC Bank during the 3rd quarter worth $38,000. JFS Wealth Advisors LLC raised its holdings in HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after acquiring an additional 275 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of HDFC Bank by 56.0% during the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock valued at $58,000 after acquiring an additional 324 shares during the period. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of HDFC Bank during the 3rd quarter worth $65,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of NYSE:HDB opened at $66.76 on Friday. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.76. The stock has a market capitalization of $169.06 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The company’s 50 day simple moving average is $63.34 and its 200 day simple moving average is $61.57.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. As a group, research analysts predict that HDFC Bank Limited will post 3.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday.

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.