Trinity Street Asset Management LLP Has $209.52 Million Stake in HDFC Bank Limited $HDB

Trinity Street Asset Management LLP grew its holdings in HDFC Bank Limited (NYSE:HDB) by 88.0% during the third quarter, Holdings Channel reports. The firm owned 6,133,600 shares of the bank’s stock after acquiring an additional 2,870,400 shares during the quarter. HDFC Bank comprises about 14.3% of Trinity Street Asset Management LLP’s holdings, making the stock its 3rd largest position. Trinity Street Asset Management LLP’s holdings in HDFC Bank were worth $209,524,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HDB. Eagle Global Advisors LLC increased its holdings in HDFC Bank by 111.9% in the third quarter. Eagle Global Advisors LLC now owns 131,390 shares of the bank’s stock worth $4,488,000 after purchasing an additional 69,395 shares in the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its position in shares of HDFC Bank by 27.6% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 180,732 shares of the bank’s stock worth $6,172,000 after buying an additional 39,074 shares during the period. Henry James International Management Inc. increased its stake in shares of HDFC Bank by 100.0% in the 3rd quarter. Henry James International Management Inc. now owns 83,486 shares of the bank’s stock valued at $2,852,000 after acquiring an additional 41,743 shares in the last quarter. Manning & Napier Advisors LLC lifted its position in shares of HDFC Bank by 100.9% during the 3rd quarter. Manning & Napier Advisors LLC now owns 3,467,459 shares of the bank’s stock valued at $118,448,000 after acquiring an additional 1,741,669 shares during the period. Finally, Exencial Wealth Advisors LLC lifted its position in shares of HDFC Bank by 112.4% during the 3rd quarter. Exencial Wealth Advisors LLC now owns 46,254 shares of the bank’s stock valued at $1,580,000 after acquiring an additional 24,476 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on HDB. Weiss Ratings cut shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday. 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, Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, HDFC Bank has a consensus rating of “Moderate Buy”.

HDFC Bank Trading Down 1.3%

HDB opened at $32.49 on Friday. The company’s fifty day moving average price is $35.63 and its two-hundred day moving average price is $36.24. HDFC Bank Limited has a 1-year low of $29.01 and a 1-year high of $39.81. The company has a market cap of $165.75 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.33 and a beta of 0.57.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, October 18th. The bank reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. The firm had revenue of $8.08 billion during the quarter, compared to analysts’ expectations of $4.98 billion. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. As a group, equities analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

HDFC Bank Company Profile

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).