Janney Capital Management LLC Has $6.16 Million Position in HDFC Bank Limited $HDB

Janney Capital Management LLC boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 93.2% in the third quarter, Holdings Channel reports. The institutional investor owned 180,207 shares of the bank’s stock after buying an additional 86,952 shares during the period. Janney Capital Management LLC’s holdings in HDFC Bank were worth $6,156,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in HDB. Robeco Institutional Asset Management B.V. lifted its holdings in shares of HDFC Bank by 150.1% during the third quarter. Robeco Institutional Asset Management B.V. now owns 11,601,628 shares of the bank’s stock worth $396,312,000 after purchasing an additional 6,963,646 shares during the period. Schroder Investment Management Group grew its position in shares of HDFC Bank by 19.0% in the 2nd quarter. Schroder Investment Management Group now owns 10,614,708 shares of the bank’s stock valued at $813,830,000 after buying an additional 1,692,243 shares during the last quarter. PineStone Asset Management Inc. increased its stake in shares of HDFC Bank by 100.4% in the third quarter. PineStone Asset Management Inc. now owns 8,163,734 shares of the bank’s stock valued at $278,873,000 after buying an additional 4,089,267 shares during the period. Franklin Resources Inc. raised its position in shares of HDFC Bank by 0.3% during the second quarter. Franklin Resources Inc. now owns 6,737,503 shares of the bank’s stock worth $516,564,000 after acquiring an additional 21,706 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of HDFC Bank by 2.9% in the second quarter. Invesco Ltd. now owns 6,222,209 shares of the bank’s stock worth $477,057,000 after acquiring an additional 173,249 shares during the period. 17.61% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HDB shares. Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Wall Street Zen cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, January 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of HDFC Bank in a 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 assigned a Hold rating to the company. Based on data from MarketBeat.com, HDFC Bank presently has a consensus rating of “Moderate Buy”.

HDFC Bank Trading Up 1.3%

Shares of NYSE HDB opened at $33.52 on Tuesday. The firm’s 50-day moving average price is $35.82 and its 200-day moving average price is $36.33. The firm has a market capitalization of $170.98 billion, a P/E ratio of 20.37, a P/E/G ratio of 1.33 and a beta of 0.57. HDFC Bank Limited has a 1-year low of $28.89 and a 1-year high of $39.81.

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

About HDFC Bank

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).