Deltec Asset Management LLC Buys 23,600 Shares of HDFC Bank Limited $HDB

Deltec Asset Management LLC grew its stake in shares of HDFC Bank Limited (NYSE:HDB) by 95.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 48,200 shares of the bank’s stock after acquiring an additional 23,600 shares during the quarter. Deltec Asset Management LLC’s holdings in HDFC Bank were worth $1,647,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of HDB. Central Pacific Bank Trust Division acquired a new position in HDFC Bank in the second quarter valued at about $29,000. Roxbury Financial LLC bought a new stake in shares of HDFC Bank during the 2nd quarter worth approximately $30,000. Whipplewood Advisors LLC lifted its holdings in shares of HDFC Bank by 112.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 549 shares of the bank’s stock worth $42,000 after acquiring an additional 290 shares during the period. NewSquare Capital LLC boosted its position in shares of HDFC Bank by 136.4% during the 2nd quarter. NewSquare Capital LLC now owns 676 shares of the bank’s stock worth $52,000 after acquiring an additional 390 shares in the last quarter. Finally, Assetmark Inc. increased its stake in HDFC Bank by 358.4% in the second quarter. Assetmark Inc. now owns 706 shares of the bank’s stock valued at $54,000 after acquiring an additional 552 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Down 0.9%

NYSE HDB opened at $33.11 on Friday. The company has a market cap of $168.88 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 1.35 and a beta of 0.57. HDFC Bank Limited has a twelve month low of $28.89 and a twelve month high of $39.81. The business’s fifty day moving average is $35.88 and its 200 day moving average is $36.38.

HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, October 18th. The bank reported $0.44 EPS for the quarter, beating the consensus estimate of $0.36 by $0.08. HDFC Bank had a return on equity of 11.49% and a net margin of 14.94%.The firm had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $4.98 billion. On average, research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wall Street Zen cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of HDFC Bank in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

HDFC Bank Profile

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).