B. Metzler seel. Sohn & Co. Holding AG Takes $15.25 Million Position in HDFC Bank Limited (NYSE:HDB)

B. Metzler seel. Sohn & Co. Holding AG purchased a new position in HDFC Bank Limited (NYSE:HDB) in the third quarter, Holdings Channel reports. The fund purchased 243,772 shares of the bank’s stock, valued at approximately $15,250,000.

A number of other large investors also recently bought and sold shares of the business. UMB Bank n.a. raised its holdings in shares of HDFC Bank by 5.4% during the second quarter. UMB Bank n.a. now owns 4,831 shares of the bank’s stock valued at $311,000 after acquiring an additional 248 shares during the last quarter. Mount Yale Investment Advisors LLC increased its holdings in shares of HDFC Bank by 4.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock valued at $399,000 after purchasing an additional 257 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of HDFC Bank by 70.2% in the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after purchasing an additional 275 shares during the last quarter. Prime Capital Investment Advisors LLC increased its holdings in shares of HDFC Bank by 1.2% in the third quarter. Prime Capital Investment Advisors LLC now owns 25,576 shares of the bank’s stock valued at $1,600,000 after purchasing an additional 308 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of HDFC Bank by 34.6% in the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank’s stock valued at $76,000 after purchasing an additional 312 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Price Performance

HDB stock opened at $62.32 on Tuesday. The business has a fifty day moving average of $62.88 and a two-hundred day moving average of $61.03. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock has a market cap of $157.81 billion, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.62 and a beta of 0.91. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $67.44.

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

Analyst Ratings Changes

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. cut HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd. StockNews.com raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, November 8th.

HDFC Bank 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.