Tokio Marine Asset Management Co. Ltd. Buys 28,500 Shares of HDFC Bank Limited (NYSE:HDB)

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of HDFC Bank Limited (NYSE:HDB) by 13.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 241,600 shares of the bank’s stock after acquiring an additional 28,500 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in HDFC Bank were worth $15,114,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ridgewood Investments LLC bought a new stake in HDFC Bank during the 2nd quarter worth approximately $36,000. Northwest Investment Counselors LLC acquired a new stake in HDFC Bank in the 3rd quarter valued at $38,000. JFS Wealth Advisors LLC increased its position in shares of HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock worth $42,000 after acquiring an additional 275 shares in the last quarter. LRI Investments LLC bought a new stake in HDFC Bank during the 1st quarter worth approximately $56,000. Finally, GAMMA Investing LLC grew its holdings in HDFC Bank by 56.0% during the second quarter. GAMMA Investing LLC now owns 903 shares of the bank’s stock worth $58,000 after buying an additional 324 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. StockNews.com upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd.

HDFC Bank Price Performance

NYSE:HDB traded up $0.54 during mid-day trading on Thursday, hitting $61.92. 99,282 shares of the stock traded hands, compared to its average volume of 2,973,705. The business’s 50-day moving average price is $62.81 and its 200 day moving average price is $60.93. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $67.44. The company has a market cap of $156.80 billion, a PE ratio of 18.66, a price-to-earnings-growth ratio of 1.63 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The company had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $4.84 billion. On average, analysts expect that HDFC Bank Limited will post 3.2 EPS for the current fiscal year.

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.