1,918,221 HDFC Bank Limited $HDB Shares Bought by Robeco Institutional Asset Management B.V.

Key Points

• Robeco Institutional Asset Management increased its HDFC Bank position by 13.1%, buying 1.92 million shares and bringing its total holdings to 16.61 million shares, worth approximately $371.1 million.
• HDFC Bank reported quarterly EPS of $0.42, exceeding the $0.40 consensus estimate, on revenue of $8.20 billion. However, weaker treasury income and higher provisions contributed to a mixed overall assessment.
• Analyst sentiment remains divided, with ratings ranging from Buy to Sell; the overall consensus is Hold, with a price target of $26.10 versus the stock’s reported $23.05 price.

Robeco Institutional Asset Management B.V. boosted its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 13.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,611,473 shares of the bank's stock after purchasing an additional 1,918,221 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.32% of HDFC Bank worth $371,100,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Axiom Investment Management LLC bought a new stake in HDFC Bank during the first quarter worth about $32,000. Bell Investment Advisors Inc boosted its stake in shares of HDFC Bank by 260.9% during the first quarter. Bell Investment Advisors Inc now owns 1,386 shares of the bank's stock valued at $34,000 after purchasing an additional 1,002 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in shares of HDFC Bank during the second quarter valued at $66,000. TD Waterhouse Canada Inc. lifted its holdings in HDFC Bank by 215.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,868 shares of the bank's stock worth $99,000 after buying an additional 2,642 shares during the period. Finally, V Square Quantitative Management LLC acquired a new position in shares of HDFC Bank in the first quarter worth approximately $102,000. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Down 0.2%

HDFC Bank stock opened at $23.05 on Wednesday. The company has a market capitalization of $118.25 billion, a P/E ratio of 13.19, a PEG ratio of 1.13 and a beta of 0.61. The stock's 50 day moving average is $22.89 and its 200 day moving average is $24.24. HDFC Bank Limited has a twelve month low of $21.70 and a twelve month high of $37.45.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results on Saturday, October 17th. The bank reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.02. The firm had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $4.92 billion. HDFC Bank had a net margin of 15.84% and a return on equity of 11.70%. As a group, equities analysts expect that HDFC Bank Limited will post 1.64 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on HDB shares. Wall Street Zen lowered HDFC Bank from a "hold" rating to a "sell" rating in a research report on Saturday, July 18th. HSBC downgraded HDFC Bank from a "buy" rating to a "hold" rating and reduced their price objective for the company from $30.80 to $26.10 in a research note on Monday, August 31st. The Goldman Sachs Group initiated coverage on shares of HDFC Bank in a report on Friday, August 21st. They issued a "buy" rating on the stock. Weiss Ratings downgraded shares of HDFC Bank from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Friday, September 25th. Finally, Zacks Research raised HDFC Bank from a "strong sell" rating to a "hold" rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $26.10.

More HDFC Bank News

Here are the key news stories impacting HDFC Bank this week:

• Positive Sentiment: HDFC Bank reported quarterly EPS of $0.40, matching analyst expectations, while quarterly profit increased approximately 4.7% year over year. The bank also continued to post balance-sheet growth, with deposits and advances rising from the prior year. HDFC Bank reports quarterly profit growth
• Positive Sentiment: Emkay reaffirmed its Buy rating, and Elara Securities also maintained its Buy recommendation, signaling that some analysts view the recent weakness as an opportunity and remain constructive on HDFC Bank’s longer-term fundamentals. Emkay Buy rating Elara Securities Buy rating
• Neutral Sentiment: The earnings release broadly met expectations, but commentary characterized the results as mixed. Strong operating growth was offset by weaker treasury-related income and higher provisions, limiting the upside from the profit increase. HDFC Bank quarterly earnings results
• Neutral Sentiment: Analysts have argued that a Neutral view is justified because the results were largely in line and investors are awaiting greater clarity on the leadership transition. Neutral view and leadership transition
• Negative Sentiment: Investor sentiment was pressured by reduced foreign ownership and reported insider selling. These signals may reinforce concerns about institutional conviction and near-term earnings quality, even though the bank’s core loan and deposit growth remains healthy. HDFC Bank ADR ownership overhang

HDFC Bank Company Profile

HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, India. Established in 1994, the bank provides services to individuals, businesses, corporations and institutions through a broad network of physical branches, ATMs and digital banking channels.

Its principal offerings include savings and current accounts, deposits, personal and home loans, vehicle and consumer financing, business and commercial lending, credit and debit cards, payments, investment and wealth-management services, and foreign-exchange and treasury products.

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