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Natixis Advisors LLC Acquires 382,267 Shares of HDFC Bank Limited (NYSE:HDB)

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Key Points

  • Natixis Advisors LLC increased its stake in HDFC Bank Limited by 20.6%, acquiring an additional 382,267 shares and bringing its total ownership to 2,238,560 shares worth approximately $148.73 million.
  • Several institutional investors have significantly increased their stakes in HDFC Bank, with notable increases of up to 1,217.1% reported by Larson Financial Group in the first quarter.
  • HDFC Bank's recent earnings report revealed $0.74 earnings per share, falling short of the consensus estimate of $0.75, while revenues exceeded expectations at $5.10 billion.
  • MarketBeat previews top five stocks to own in September.

Natixis Advisors LLC increased its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 20.6% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,238,560 shares of the bank's stock after buying an additional 382,267 shares during the period. Natixis Advisors LLC owned 0.09% of HDFC Bank worth $148,730,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HDB. Letko Brosseau & Associates Inc. raised its position in HDFC Bank by 8.0% during the first quarter. Letko Brosseau & Associates Inc. now owns 57,330 shares of the bank's stock valued at $3,809,000 after purchasing an additional 4,230 shares in the last quarter. Banque Cantonale Vaudoise purchased a new stake in HDFC Bank during the first quarter valued at about $2,634,000. LPL Financial LLC raised its position in HDFC Bank by 20.9% during the first quarter. LPL Financial LLC now owns 139,961 shares of the bank's stock valued at $9,299,000 after purchasing an additional 24,185 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in HDFC Bank during the first quarter valued at about $361,000. Finally, FourThought Financial Partners LLC raised its position in HDFC Bank by 9.2% during the first quarter. FourThought Financial Partners LLC now owns 9,946 shares of the bank's stock valued at $661,000 after purchasing an additional 841 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th.

Get Our Latest Report on HDB

HDFC Bank Trading Up 0.3%

Shares of NYSE:HDB traded up $0.23 on Friday, reaching $77.00. 861,192 shares of the company traded hands, compared to its average volume of 1,847,724. The business's 50-day simple moving average is $75.92 and its 200 day simple moving average is $68.69. HDFC Bank Limited has a 52 week low of $57.24 and a 52 week high of $79.61. The stock has a market capitalization of $194.99 billion, a P/E ratio of 23.62, a price-to-earnings-growth ratio of 1.91 and a beta of 0.64.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, July 19th. The bank reported $0.74 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.75 by ($0.01). HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.03 billion. Sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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