HDFC Bank Limited (NYSE:HDB) Shares Acquired by Commerce Bank

Commerce Bank raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 7.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,427 shares of the bank’s stock after purchasing an additional 225 shares during the period. Commerce Bank’s holdings in HDFC Bank were worth $214,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Baillie Gifford & Co. increased its position in shares of HDFC Bank by 2.3% during the second quarter. Baillie Gifford & Co. now owns 11,533,215 shares of the bank’s stock worth $741,932,000 after purchasing an additional 263,690 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of HDFC Bank by 11.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 4,791,134 shares of the bank’s stock worth $308,214,000 after purchasing an additional 486,653 shares in the last quarter. PineStone Asset Management Inc. increased its position in shares of HDFC Bank by 115.1% during the second quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank’s stock worth $287,488,000 after purchasing an additional 2,391,343 shares in the last quarter. Millennium Management LLC increased its position in shares of HDFC Bank by 18.1% during the second quarter. Millennium Management LLC now owns 2,864,145 shares of the bank’s stock worth $184,250,000 after purchasing an additional 438,750 shares in the last quarter. Finally, Manning & Napier Advisors LLC purchased a new stake in shares of HDFC Bank during the second quarter valued at $166,709,000. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Price Performance

Shares of HDB opened at $67.50 on Thursday. The firm has a market capitalization of $170.93 billion, a PE ratio of 20.52, a price-to-earnings-growth ratio of 1.78 and a beta of 0.91. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.76. The company’s fifty day moving average price is $63.26 and its 200-day moving average price is $61.41.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. On average, equities research analysts predict that HDFC Bank Limited will post 3.15 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday.

HDFC Bank Company Profile

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.