Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in HDFC Bank Limited (NYSE:HDB) during the second quarter, according to its most recent filing with the SEC. The firm bought 51,800 shares of the bank’s stock, valued at approximately $5,440,000.
A number of other large investors have also recently bought and sold shares of HDB. Atria Investments LLC boosted its holdings in HDFC Bank by 12.5% in the 2nd quarter. Atria Investments LLC now owns 5,063 shares of the bank’s stock valued at $532,000 after purchasing an additional 564 shares during the period. Reliance Trust Co. of Delaware boosted its holdings in HDFC Bank by 14.9% in the 2nd quarter. Reliance Trust Co. of Delaware now owns 4,702 shares of the bank’s stock valued at $493,000 after purchasing an additional 608 shares during the period. Deltec Asset Management LLC boosted its holdings in HDFC Bank by 1.4% in the 2nd quarter. Deltec Asset Management LLC now owns 52,034 shares of the bank’s stock valued at $5,465,000 after purchasing an additional 708 shares during the period. Park Avenue Securities LLC boosted its holdings in HDFC Bank by 25.6% in the 2nd quarter. Park Avenue Securities LLC now owns 3,671 shares of the bank’s stock valued at $381,000 after purchasing an additional 748 shares during the period. Finally, Eqis Capital Management Inc. boosted its holdings in HDFC Bank by 22.4% in the 2nd quarter. Eqis Capital Management Inc. now owns 5,069 shares of the bank’s stock valued at $532,000 after purchasing an additional 928 shares during the period. Institutional investors and hedge funds own 17.31% of the company’s stock.
Separately, Zacks Investment Research raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday.
NYSE:HDB opened at $97.01 on Monday. The stock has a market cap of $82.17 billion, a PE ratio of 31.19, a price-to-earnings-growth ratio of 0.94 and a beta of 0.97. HDFC Bank Limited has a 52 week low of $89.07 and a 52 week high of $112.10. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.79.
HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Monday, July 30th. The bank reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. HDFC Bank had a net margin of 18.32% and a return on equity of 15.01%. equities research analysts expect that HDFC Bank Limited will post 3.58 EPS for the current year.
About HDFC Bank
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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