UBS Group AG Has $99.40 Million Stake in HDFC Bank Limited (NYSE:HDB)

UBS Group AG boosted its position in HDFC Bank Limited (NYSE:HDBFree Report) by 3.8% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,684,519 shares of the bank’s stock after buying an additional 62,105 shares during the quarter. UBS Group AG’s holdings in HDFC Bank were worth $99,403,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Cetera Investment Advisers boosted its holdings in HDFC Bank by 3.1% in the second quarter. Cetera Investment Advisers now owns 5,908 shares of the bank’s stock valued at $412,000 after acquiring an additional 179 shares during the last quarter. FinTrust Capital Advisors LLC lifted its stake in HDFC Bank by 36.4% in the third quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock valued at $41,000 after buying an additional 185 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in HDFC Bank by 0.7% in the second quarter. Legacy Wealth Asset Management LLC now owns 30,019 shares of the bank’s stock valued at $2,092,000 after buying an additional 203 shares during the period. Cary Street Partners Investment Advisory LLC lifted its stake in HDFC Bank by 114.4% in the second quarter. Cary Street Partners Investment Advisory LLC now owns 403 shares of the bank’s stock valued at $28,000 after buying an additional 215 shares during the period. Finally, Foster Victor Wealth Advisors LLC lifted its stake in HDFC Bank by 5.9% in the third quarter. Foster Victor Wealth Advisors LLC now owns 4,031 shares of the bank’s stock valued at $239,000 after buying an additional 223 shares during the period. Institutional investors own 17.24% of the company’s stock.

HDFC Bank Stock Up 0.2 %

NYSE:HDB opened at $53.75 on Monday. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market cap of $99.97 billion, a PE ratio of 16.59, a PEG ratio of 1.38 and a beta of 0.89. HDFC Bank Limited has a 52-week low of $53.41 and a 52-week high of $71.39. The stock has a 50-day simple moving average of $61.91 and a 200 day simple moving average of $61.31.

HDFC Bank (NYSE:HDBGet Free Report) last posted its quarterly earnings data on Tuesday, January 16th. The bank reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.11. The business had revenue of $8.62 billion during the quarter, compared to the consensus estimate of $5.67 billion. HDFC Bank had a return on equity of 15.98% and a net margin of 17.34%. On average, sell-side analysts expect that HDFC Bank Limited will post 2.72 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered HDFC Bank from a “b-” rating to a “c” rating in a research report on Tuesday, October 17th.

Get Our Latest Stock Analysis on HDB

HDFC Bank Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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