Generali Investments CEE investicni spolecnost a.s. Acquires New Holdings in HDFC Bank Limited (NYSE:HDB)

Generali Investments CEE investicni spolecnost a.s. acquired a new stake in HDFC Bank Limited (NYSE:HDB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 37,080 shares of the bank’s stock, valued at approximately $2,368,000.

Several other large investors have also recently modified their holdings of HDB. Whipplewood Advisors LLC bought a new stake in shares of HDFC Bank in the 4th quarter valued at about $29,000. Pin Oak Investment Advisors Inc. boosted its holdings in HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after acquiring an additional 254 shares during the last quarter. Sierra Ocean LLC acquired a new stake in HDFC Bank during the 4th quarter valued at approximately $42,000. Kestra Investment Management LLC bought a new position in HDFC Bank during the 4th quarter worth approximately $60,000. Finally, JFS Wealth Advisors LLC lifted its position in shares of HDFC Bank by 52.6% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock worth $65,000 after purchasing an additional 351 shares during the period. Institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

HDB has been the subject of a number of analyst reports. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Nomura Securities upgraded HDFC Bank from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 23rd. Finally, Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $59.08 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm’s 50-day moving average price is $60.37 and its 200-day moving average price is $62.42. The firm has a market capitalization of $149.60 billion, a P/E ratio of 17.96, a P/E/G ratio of 2.12 and a beta of 0.92. HDFC Bank Limited has a 1-year low of $54.07 and a 1-year high of $68.50.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share 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.