DJE Kapital AG Purchases 577,274 Shares of HDFC Bank Limited $HDB

DJE Kapital AG lifted its position in shares of HDFC Bank Limited (NYSE:HDB) by 73.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,366,492 shares of the bank’s stock after purchasing an additional 577,274 shares during the quarter. HDFC Bank accounts for about 2.5% of DJE Kapital AG’s investment portfolio, making the stock its 14th biggest holding. DJE Kapital AG’s holdings in HDFC Bank were worth $104,042,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the company. Financial Perspectives Inc grew its stake in shares of HDFC Bank by 1.3% during the 2nd quarter. Financial Perspectives Inc now owns 10,769 shares of the bank’s stock worth $826,000 after acquiring an additional 136 shares in the last quarter. Huntington National Bank grew its position in HDFC Bank by 13.3% in the second quarter. Huntington National Bank now owns 1,349 shares of the bank’s stock valued at $103,000 after purchasing an additional 158 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in HDFC Bank by 1.3% in the 2nd quarter. Nisa Investment Advisors LLC now owns 14,694 shares of the bank’s stock valued at $1,127,000 after buying an additional 194 shares during the last quarter. Platform Technology Partners lifted its position in HDFC Bank by 2.7% during the 1st quarter. Platform Technology Partners now owns 7,644 shares of the bank’s stock worth $508,000 after buying an additional 201 shares in the last quarter. Finally, Rehmann Capital Advisory Group lifted its position in HDFC Bank by 1.5% during the 2nd quarter. Rehmann Capital Advisory Group now owns 15,022 shares of the bank’s stock worth $1,152,000 after buying an additional 215 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of HDB opened at $35.83 on Friday. The company’s 50-day moving average is $35.45 and its 200-day moving average is $36.70. The firm has a market capitalization of $182.80 billion, a PE ratio of 21.78, a PEG ratio of 1.92 and a beta of 0.69. HDFC Bank Limited has a fifty-two week low of $28.89 and a fifty-two week high of $39.81.

HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, October 18th. The bank reported $0.44 EPS for the quarter, topping the consensus estimate of $0.36 by $0.08. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.98 billion. Analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

HDFC Bank 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.