Barings LLC Has $20.36 Million Stock Position in HDFC Bank Limited $HDB

Barings LLC increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 100.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 595,858 shares of the bank’s stock after purchasing an additional 298,096 shares during the period. Barings LLC’s holdings in HDFC Bank were worth $20,355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its holdings in HDFC Bank by 104.4% during the third quarter. JPMorgan Chase & Co. now owns 19,204,783 shares of the bank’s stock worth $656,035,000 after buying an additional 9,808,890 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in HDFC Bank by 150.1% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 11,601,628 shares of the bank’s stock worth $396,312,000 after acquiring an additional 6,963,646 shares during the last quarter. C WorldWide Group Holding A S grew its holdings in HDFC Bank by 133.0% during the third quarter. C WorldWide Group Holding A S now owns 9,362,828 shares of the bank’s stock valued at $319,834,000 after purchasing an additional 5,345,005 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in HDFC Bank by 89.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 10,209,034 shares of the bank’s stock valued at $348,741,000 after purchasing an additional 4,810,042 shares during the period. Finally, Fiera Capital Corp increased its stake in HDFC Bank by 93.2% in the third quarter. Fiera Capital Corp now owns 9,221,356 shares of the bank’s stock valued at $315,002,000 after purchasing an additional 4,447,930 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on HDB shares. Weiss Ratings raised shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, January 23rd. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

HDFC Bank Stock Up 1.2%

Shares of NYSE:HDB opened at $33.11 on Friday. The firm has a market cap of $168.88 billion, a price-to-earnings ratio of 19.88, a PEG ratio of 1.36 and a beta of 0.57. HDFC Bank Limited has a 12 month low of $29.23 and a 12 month high of $39.81. The company’s fifty day simple moving average is $33.94 and its 200 day simple moving average is $35.27.

HDFC Bank (NYSE:HDB) last announced its earnings results on Tuesday, January 20th. The bank reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. HDFC Bank had a net margin of 14.92% and a return on equity of 11.49%. The firm had revenue of $9.01 billion during the quarter, compared to analyst estimates of $5.12 billion. Research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

About HDFC Bank

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).