Scotia Capital Inc. Purchases New Stake in HDFC Bank Limited (NYSE:HDB)

Scotia Capital Inc. purchased a new stake in HDFC Bank Limited (NYSE:HDB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,957 shares of the bank’s stock, valued at approximately $254,000.

Other large investors also recently bought and sold shares of the company. Manchester Financial Inc. acquired a new stake in shares of HDFC Bank in the second quarter valued at approximately $51,000. ARK Investment Management LLC increased its holdings in shares of HDFC Bank by 17.4% in the second quarter. ARK Investment Management LLC now owns 7,806 shares of the bank’s stock valued at $1,015,000 after purchasing an additional 1,156 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of HDFC Bank by 36.3% in the second quarter. Alps Advisors Inc. now owns 13,175 shares of the bank’s stock valued at $1,713,000 after purchasing an additional 3,510 shares during the last quarter. Park Avenue Securities LLC increased its holdings in shares of HDFC Bank by 11.3% in the second quarter. Park Avenue Securities LLC now owns 5,628 shares of the bank’s stock valued at $732,000 after purchasing an additional 572 shares during the last quarter. Finally, Natixis Advisors L.P. increased its holdings in shares of HDFC Bank by 1.4% in the second quarter. Natixis Advisors L.P. now owns 209,687 shares of the bank’s stock valued at $27,267,000 after purchasing an additional 2,802 shares during the last quarter. 19.35% of the stock is owned by hedge funds and other institutional investors.

HDB stock traded down $0.97 during midday trading on Wednesday, hitting $102.89. 12,281 shares of the company’s stock were exchanged, compared to its average volume of 1,146,019. The business has a 50-day simple moving average of $108.76 and a two-hundred day simple moving average of $116.32. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $89.15 billion, a PE ratio of 30.97, a P/E/G ratio of 1.18 and a beta of 0.45. HDFC Bank Limited has a 1-year low of $85.43 and a 1-year high of $131.78.



HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, July 20th. The bank reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.03). The business had revenue of $4.65 billion for the quarter. HDFC Bank had a return on equity of 13.23% and a net margin of 17.98%. As a group, research analysts expect that HDFC Bank Limited will post 3.97 EPS for the current fiscal year.

Several research firms recently commented on HDB. Zacks Investment Research cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Tuesday, September 10th. Sanford C. Bernstein cut HDFC Bank from an “outperform” rating to a “market perform” rating in a research note on Monday, September 9th. Finally, Nomura cut HDFC Bank from a “buy” rating to a “neutral” rating and set a $128.63 target price for the company. in a research note on Tuesday, June 11th. Two analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. HDFC Bank has a consensus rating of “Hold” and an average price target of $136.82.

HDFC Bank Company Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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

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