Zevin Asset Management LLC Has $11.43 Million Position in HDFC Bank Limited (NYSE:HDB)

Zevin Asset Management LLC trimmed its position in shares of HDFC Bank Limited (NYSE:HDB) by 1.2% during the third quarter, Holdings Channel.com reports. The fund owned 182,686 shares of the bank’s stock after selling 2,198 shares during the quarter. HDFC Bank comprises 1.8% of Zevin Asset Management LLC’s portfolio, making the stock its 25th biggest holding. Zevin Asset Management LLC’s holdings in HDFC Bank were worth $11,429,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of HDB. Tokio Marine Asset Management Co. Ltd. grew its holdings in HDFC Bank by 13.4% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 241,600 shares of the bank’s stock valued at $15,114,000 after purchasing an additional 28,500 shares during the period. Manning & Napier Advisors LLC purchased a new stake in HDFC Bank in the 2nd quarter worth about $166,709,000. US Bancorp DE lifted its holdings in HDFC Bank by 38.1% during the third quarter. US Bancorp DE now owns 139,865 shares of the bank’s stock valued at $8,750,000 after purchasing an additional 38,571 shares during the last quarter. Deprince Race & Zollo Inc. increased its stake in shares of HDFC Bank by 56.3% in the second quarter. Deprince Race & Zollo Inc. now owns 139,612 shares of the bank’s stock worth $8,981,000 after purchasing an additional 50,301 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in shares of HDFC Bank in the first quarter valued at approximately $125,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Performance

HDFC Bank stock opened at $61.90 on Monday. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $67.44. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $156.75 billion, a PE ratio of 18.81, a price-to-earnings-growth ratio of 1.62 and a beta of 0.91. The firm’s 50 day simple moving average is $62.86 and its 200 day simple moving average is $61.00.

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

Wall Street Analyst Weigh In

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

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.