HDFC Bank Limited $HDB Position Boosted by Robeco Institutional Asset Management B.V.

by · The Markets Daily

Robeco Institutional Asset Management B.V. boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB – Free Report) by 13.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,611,473 shares of the bank’s stock after purchasing an additional 1,918,221 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in HDFC Bank were worth $371,100,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Prime Capital Investment Advisors LLC raised its stake in shares of HDFC Bank by 1.7% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 38,747 shares of the bank’s stock valued at $866,000 after buying an additional 630 shares during the last quarter. Value Partners Investments Inc. boosted its stake in HDFC Bank by 85.3% during the third quarter. Value Partners Investments Inc. now owns 543,129 shares of the bank’s stock worth $12,142,000 after buying an additional 250,000 shares during the period. PineStone Asset Management Inc. boosted its stake in HDFC Bank by 11.4% during the third quarter. PineStone Asset Management Inc. now owns 4,878,732 shares of the bank’s stock worth $108,991,000 after buying an additional 498,886 shares during the period. Vontobel Holding Ltd. increased its position in shares of HDFC Bank by 0.5% during the third quarter. Vontobel Holding Ltd. now owns 232,512 shares of the bank’s stock valued at $5,194,000 after acquiring an additional 1,088 shares during the last quarter. Finally, Formuepleje A S increased its position in shares of HDFC Bank by 47.3% during the third quarter. Formuepleje A S now owns 49,127 shares of the bank’s stock valued at $1,097,000 after acquiring an additional 15,779 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

HDB has been the topic of several recent analyst reports. HSBC lowered shares of HDFC Bank from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $30.80 to $26.10 in a report on Monday, August 31st. Wall Street Zen downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. The Goldman Sachs Group initiated coverage on HDFC Bank in a research report on Friday, August 21st. They issued a “buy” rating on the stock. Zacks Research upgraded HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Finally, Weiss Ratings lowered HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $26.10.

View Our Latest Analysis on HDFC Bank

HDFC Bank Trading Down 0.2%

Shares of NYSE HDB opened at $23.05 on Wednesday. The company’s 50-day moving average price is $22.89 and its 200 day moving average price is $24.24. HDFC Bank Limited has a 52 week low of $21.70 and a 52 week high of $37.45. The stock has a market cap of $118.25 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.13 and a beta of 0.61.

HDFC Bank (NYSE:HDB – Get Free Report) last announced its quarterly earnings results on Saturday, October 17th. The bank reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.02. The company had revenue of $8.20 billion for the quarter, compared to the consensus estimate of $4.92 billion. HDFC Bank had a net margin of 15.84% and a return on equity of 11.70%. As a group, research analysts expect that HDFC Bank Limited will post 1.64 earnings per share for the current year.

Key Stories Impacting HDFC Bank

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

  • Positive Sentiment: HDFC Bank reported quarterly EPS of $0.40, matching analyst expectations, while quarterly profit increased approximately 4.7% year over year. The bank also continued to post balance-sheet growth, with deposits and advances rising from the prior year. HDFC Bank reports quarterly profit growth
  • Positive Sentiment: Emkay reaffirmed its Buy rating, and Elara Securities also maintained its Buy recommendation, signaling that some analysts view the recent weakness as an opportunity and remain constructive on HDFC Bank’s longer-term fundamentals. Emkay Buy rating Elara Securities Buy rating
  • Neutral Sentiment: The earnings release broadly met expectations, but commentary characterized the results as mixed. Strong operating growth was offset by weaker treasury-related income and higher provisions, limiting the upside from the profit increase. HDFC Bank quarterly earnings results
  • Neutral Sentiment: Analysts have argued that a Neutral view is justified because the results were largely in line and investors are awaiting greater clarity on the leadership transition. Neutral view and leadership transition
  • Negative Sentiment: Investor sentiment was pressured by reduced foreign ownership and reported insider selling. These signals may reinforce concerns about institutional conviction and near-term earnings quality, even though the bank’s core loan and deposit growth remains healthy. HDFC Bank ADR ownership overhang

About HDFC Bank

(Free Report)

HDFC Bank Limited is an Indian banking and financial services company headquartered in Mumbai, India. Established in 1994, the bank provides services to individuals, businesses, corporations and institutions through a broad network of physical branches, ATMs and digital banking channels.

Its principal offerings include savings and current accounts, deposits, personal and home loans, vehicle and consumer financing, business and commercial lending, credit and debit cards, payments, investment and wealth-management services, and foreign-exchange and treasury products.

Featured Stories

Want to see what other hedge funds are holding HDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HDFC Bank Limited (NYSE:HDB – Free Report).