Focus Partners Advisor Solutions LLC Has $785,000 Stock Holdings in HDFC Bank Limited $HDB

Focus Partners Advisor Solutions LLC increased its position in shares of HDFC Bank Limited (NYSE:HDB) by 14.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 10,229 shares of the bank’s stock after purchasing an additional 1,282 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in HDFC Bank were worth $785,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of HDFC Bank by 81.0% during the 1st quarter. BNP Paribas Financial Markets now owns 568,407 shares of the bank’s stock worth $37,765,000 after acquiring an additional 254,395 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of HDFC Bank during the 1st quarter worth approximately $19,366,000. Immersion Capital LLP acquired a new stake in shares of HDFC Bank during the 1st quarter worth approximately $19,753,000. Raiffeisen Bank International AG boosted its position in shares of HDFC Bank by 21.3% during the 1st quarter. Raiffeisen Bank International AG now owns 193,223 shares of the bank’s stock worth $12,778,000 after acquiring an additional 33,983 shares in the last quarter. Finally, Eminence Capital LP boosted its position in HDFC Bank by 18.9% in the first quarter. Eminence Capital LP now owns 1,186,551 shares of the bank’s stock valued at $78,834,000 after buying an additional 189,015 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HDB. Weiss Ratings restated a “hold (c)” rating on shares of HDFC Bank in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. 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 company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

HDFC Bank Stock Performance

Shares of NYSE:HDB opened at $36.99 on Wednesday. The firm has a market cap of $188.71 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.91 and a beta of 0.63. The firm’s fifty day moving average is $35.49 and its 200-day moving average is $36.65. HDFC Bank Limited has a 52 week low of $28.89 and a 52 week high of $39.81.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, October 18th. The bank reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. The company had revenue of $4.95 billion for the quarter, compared to analyst estimates of $4.98 billion. Sell-side analysts forecast that HDFC Bank Limited will post 3.03 EPS 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.