Yousif Capital Management LLC Has $1.44 Million Stock Holdings in HDFC Bank Limited $HDB

Yousif Capital Management LLC cut its stake in shares of HDFC Bank Limited (NYSE:HDB) by 3.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,796 shares of the bank’s stock after selling 716 shares during the period. Yousif Capital Management LLC’s holdings in HDFC Bank were worth $1,441,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HDB. New Vernon Capital Holdings II LLC acquired a new stake in shares of HDFC Bank during the first quarter worth $1,546,956,000. GQG Partners LLC lifted its stake in HDFC Bank by 105.5% in the 1st quarter. GQG Partners LLC now owns 16,196,992 shares of the bank’s stock worth $1,076,128,000 after acquiring an additional 8,313,645 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its position in HDFC Bank by 6,502.2% during the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,868,259 shares of the bank’s stock worth $389,887,000 after acquiring an additional 5,779,375 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in HDFC Bank by 3,715.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,199,717 shares of the bank’s stock valued at $279,029,000 after acquiring an additional 4,089,647 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in shares of HDFC Bank by 53.5% in the 1st quarter. Royal Bank of Canada now owns 11,214,711 shares of the bank’s stock valued at $745,107,000 after purchasing an additional 3,907,637 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on HDB. Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Weiss Ratings reissued a “hold (c)” rating on shares of HDFC Bank in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

HDFC Bank Trading Down 0.5%

HDFC Bank stock opened at $36.55 on Tuesday. The company has a market capitalization of $186.47 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.95 and a beta of 0.63. The firm’s fifty day simple moving average is $35.55 and its 200-day simple moving average is $36.46. HDFC Bank Limited has a 1-year low of $28.89 and a 1-year high of $39.81.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, July 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.03 billion. HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. On average, equities research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

About HDFC Bank

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.