XY Capital Ltd Invests $5.29 Million in HDFC Bank Limited $HDB

XY Capital Ltd acquired a new stake in HDFC Bank Limited (NYSE:HDB) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 212,760 shares of the bank’s stock, valued at approximately $5,293,000. HDFC Bank makes up about 5.2% of XY Capital Ltd’s portfolio, making the stock its 4th largest position.

Other hedge funds have also made changes to their positions in the company. Temasek Holdings Private Ltd raised its holdings in HDFC Bank by 15.5% during the first quarter. Temasek Holdings Private Ltd now owns 12,559,656 shares of the bank’s stock worth $312,484,000 after purchasing an additional 1,686,276 shares in the last quarter. ABN Amro Investment Solutions boosted its stake in HDFC Bank by 66.0% during the 1st quarter. ABN Amro Investment Solutions now owns 1,498,938 shares of the bank’s stock valued at $37,294,000 after purchasing an additional 595,912 shares in the last quarter. Madison Asset Management LLC increased its position in shares of HDFC Bank by 5.4% during the 1st quarter. Madison Asset Management LLC now owns 96,273 shares of the bank’s stock valued at $2,395,000 after purchasing an additional 4,893 shares during the period. Summit Global Investments increased its position in shares of HDFC Bank by 8.0% during the 1st quarter. Summit Global Investments now owns 38,152 shares of the bank’s stock valued at $949,000 after purchasing an additional 2,829 shares during the period. Finally, KBC Group NV raised its stake in shares of HDFC Bank by 26.9% in the 1st quarter. KBC Group NV now owns 404,884 shares of the bank’s stock worth $10,074,000 after buying an additional 85,882 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Weiss Ratings upgraded HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Wall Street Zen lowered HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

HDFC Bank Stock Performance

Shares of NYSE:HDB opened at $23.77 on Wednesday. The company has a market capitalization of $121.29 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.10 and a beta of 0.64. The stock has a fifty day moving average of $24.90 and a 200-day moving average of $27.92. HDFC Bank Limited has a one year low of $22.91 and a one year high of $39.81.

HDFC Bank (NYSE:HDB) last released its earnings results on Saturday, July 18th. The bank reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. HDFC Bank had a net margin of 15.96% and a return on equity of 13.14%. The business had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $5 billion. As a group, research analysts forecast that HDFC Bank Limited will post 1.69 EPS for the current fiscal year.

Key Stories Impacting HDFC Bank

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

• Positive Sentiment: HDFC Bank reported strong operating growth in Q1, with revenue of $9.01 billion and profit up 4.98% year over year, supported by healthy interest income growth and continued loan/deposit expansion. HDFC Bank Q1 profit rises 4.98% to $1.97b as on interest income growth
• Positive Sentiment: Some commentary suggests investors may be overreacting, with analysts pointing to HDFC Bank as a possible “buy the dip” opportunity after the selloff. India’s private-sector banks sold off on NIM fears. Ignore the panic and buy the dip in HDFC stock here
• Neutral Sentiment: The bank’s earnings beat on revenue was offset by a small EPS miss versus expectations, which likely contributed to the mixed market reaction. HDFC Bank earnings report and conference call
• Negative Sentiment: Investors were disappointed by narrowing net interest margins and softer core income trends, which overshadowed the bank’s modest profit growth and drove the stock lower. HDFC Bank ADR Drops as Margin Compression Overshadows Quarterly Growth
• Negative Sentiment: A securities-fraud investigation was announced, creating an additional headline risk for HDB and adding to investor caution. Securities Fraud Investigation Into HDFC Bank Limited (HDB) Announced

Insiders Place Their Bets

In other HDFC Bank news, insider Ashish Parthasarthy sold 5,600 shares of HDFC Bank stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $8.70, for a total value of $48,720.00. Following the completion of the sale, the insider directly owned 842,958 shares in the company, valued at $7,333,734.60. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider N Srinivasan sold 10,000 shares of HDFC Bank stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $8.72, for a total transaction of $87,200.00. Following the completion of the sale, the insider directly owned 638,422 shares of the company’s stock, valued at approximately $5,567,039.84. The trade was a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.00% of the company’s stock.

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).