8,513 Shares in HDFC Bank Limited (NYSE:HDB) Bought by Sivia Capital Partners LLC

Sivia Capital Partners LLC acquired a new stake in shares of HDFC Bank Limited (NYSE:HDB) during the third quarter, HoldingsChannel reports. The fund acquired 8,513 shares of the bank’s stock, valued at approximately $533,000.

Several other institutional investors have also added to or reduced their stakes in the stock. Manning & Napier Advisors LLC bought a new stake in shares of HDFC Bank during the 2nd quarter valued at about $166,709,000. Goldman Sachs Group Inc. lifted its position in HDFC Bank by 97.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 854,985 shares of the bank’s stock valued at $57,378,000 after buying an additional 421,740 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of HDFC Bank by 580.7% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 805,060 shares of the bank’s stock worth $45,079,000 after buying an additional 686,789 shares during the period. Deprince Race & Zollo Inc. increased its stake in shares of HDFC Bank by 56.3% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 139,612 shares of the bank’s stock worth $8,981,000 after acquiring an additional 50,301 shares in the last quarter. Finally, Norden Group LLC purchased a new position in shares of HDFC Bank during the first quarter valued at approximately $511,000. 17.61% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday. JPMorgan Chase & Co. downgraded HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd.

HDFC Bank Stock Up 2.6 %

Shares of HDB traded up $1.57 on Monday, hitting $62.11. 763,520 shares of the stock traded hands, compared to its average volume of 3,092,474. The company has a market capitalization of $115.52 billion, a PE ratio of 18.57, a P/E/G ratio of 1.95 and a beta of 0.92. The business has a 50 day simple moving average of $61.48 and a 200 day simple moving average of $60.07. HDFC Bank Limited has a one year low of $52.16 and a one year high of $67.44. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.51 and a current ratio of 0.51.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.78 EPS for the quarter, beating the consensus estimate of $0.51 by $0.27. HDFC Bank had a return on equity of 12.64% and a net margin of 14.69%. The company had revenue of $14.03 billion for the quarter, compared to analysts’ expectations of $4.81 billion. As a group, equities analysts forecast that HDFC Bank Limited will post 2.96 earnings per share for the current fiscal year.

About HDFC Bank

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.