Artemis Investment Management LLP Raises Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Artemis Investment Management LLP boosted its position in shares of HDFC Bank Limited (NYSE:HDB) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,262 shares of the bank’s stock after buying an additional 829 shares during the quarter. Artemis Investment Management LLP’s holdings in HDFC Bank were worth $783,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of HDB. Glenmede Trust Co. NA grew its position in HDFC Bank by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock valued at $301,000 after acquiring an additional 167 shares in the last quarter. Commerce Bank grew its stake in shares of HDFC Bank by 7.0% during the third quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after purchasing an additional 225 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its position in shares of HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after acquiring an additional 254 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock valued at $399,000 after buying an additional 257 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in HDFC Bank by 70.2% in the third 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. Institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

HDFC Bank Trading Down 0.4 %

Shares of HDFC Bank stock opened at $58.39 on Monday. The company’s fifty day moving average is $64.02 and its two-hundred day moving average is $62.54. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.50. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $147.87 billion, a P/E ratio of 17.75, a PEG ratio of 1.67 and a beta of 0.92.

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. The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. Analysts forecast that HDFC Bank Limited will post 3.13 earnings per share 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.