Free Trial

Vident Advisory LLC Has $3.35 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

HDFC Bank logo with Finance background

Vident Advisory LLC lifted its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 47.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,490 shares of the bank's stock after acquiring an additional 16,889 shares during the quarter. Vident Advisory LLC's holdings in HDFC Bank were worth $3,352,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northern Trust Corp boosted its position in HDFC Bank by 52.0% in the 4th quarter. Northern Trust Corp now owns 1,015,588 shares of the bank's stock valued at $64,855,000 after buying an additional 347,488 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in HDFC Bank during the 4th quarter valued at about $580,000. US Bancorp DE grew its position in shares of HDFC Bank by 12.7% during the 4th quarter. US Bancorp DE now owns 157,665 shares of the bank's stock worth $10,068,000 after buying an additional 17,800 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of HDFC Bank during the 4th quarter valued at $2,907,000. Finally, Ovata Capital Management Ltd lifted its stake in shares of HDFC Bank by 89.7% in the 4th quarter. Ovata Capital Management Ltd now owns 690,320 shares of the bank's stock valued at $43,863,000 after purchasing an additional 326,400 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.

Read Our Latest Stock Analysis on HDFC Bank

HDFC Bank Trading Up 1.7%

HDFC Bank stock traded up $1.25 during mid-day trading on Monday, hitting $73.97. 3,094,533 shares of the company's stock were exchanged, compared to its average volume of 2,830,184. HDFC Bank Limited has a fifty-two week low of $55.00 and a fifty-two week high of $75.37. The company's 50 day simple moving average is $69.49 and its 200-day simple moving average is $64.81. The firm has a market capitalization of $187.31 billion, a P/E ratio of 22.48, a PEG ratio of 2.12 and a beta of 0.63. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. On average, equities analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

HDFC Bank 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.

Further Reading

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

Should You Invest $1,000 in HDFC Bank Right Now?

Before you consider HDFC Bank, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HDFC Bank wasn't on the list.

While HDFC Bank currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Tech Stocks Insiders Are Buying: Speculative Plays for June
3 Defense Stocks Set to Crush the S&P This Summer
Analysts Are Watching These 4 Penny Stocks—You Should Too

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines