157,441 Shares in HDFC Bank Limited $HDB Acquired by Vise Technologies Inc.

Vise Technologies Inc. acquired a new stake in HDFC Bank Limited (NYSE:HDB) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 157,441 shares of the bank’s stock, valued at approximately $12,071,000.

Several other hedge funds have also recently made changes to their positions in HDB. Principal Financial Group Inc. grew its stake in shares of HDFC Bank by 18.0% during the 1st quarter. Principal Financial Group Inc. now owns 57,425 shares of the bank’s stock worth $3,815,000 after acquiring an additional 8,746 shares during the period. Leavell Investment Management Inc. bought a new stake in shares of HDFC Bank during the 1st quarter valued at $271,000. Cerity Partners LLC raised its stake in shares of HDFC Bank by 41.6% during the 1st quarter. Cerity Partners LLC now owns 92,121 shares of the bank’s stock valued at $6,121,000 after purchasing an additional 27,052 shares during the period. Xponance Inc. purchased a new stake in HDFC Bank during the 1st quarter worth about $258,000. Finally, Apollon Wealth Management LLC bought a new position in HDFC Bank in the 1st quarter worth about $228,000. 17.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HDB. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HDFC Bank in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, HDFC Bank currently has a consensus rating of “Moderate Buy”.

HDFC Bank Trading Up 0.4%

HDB stock opened at $35.83 on Monday. The company’s 50 day moving average is $35.45 and its 200 day moving average is $36.71. The stock has a market cap of $182.80 billion, a price-to-earnings ratio of 21.78, a price-to-earnings-growth ratio of 1.92 and a beta of 0.69. HDFC Bank Limited has a 1-year low of $28.89 and a 1-year high of $39.81.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, October 18th. The bank reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.08. The business had revenue of $4.95 billion during the quarter, compared to analysts’ expectations of $4.98 billion. HDFC Bank had a net margin of 14.94% and a return on equity of 11.49%. As a group, sell-side analysts forecast that HDFC Bank Limited will post 3.03 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.