Coldstream Capital Management Inc. Makes New Investment in HDFC Bank Limited (NYSE:HDB)

Coldstream Capital Management Inc. purchased a new stake in shares of HDFC Bank Limited (NYSE:HDB) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 4,317 shares of the bank’s stock, valued at approximately $270,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank’s stock worth $213,851,000 after purchasing an additional 3,262,442 shares during the last quarter. TPG GP A LLC acquired a new stake in shares of HDFC Bank during the 2nd quarter worth approximately $95,637,000. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of HDFC Bank by 130.2% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,185,500 shares of the bank’s stock worth $140,593,000 after buying an additional 1,236,100 shares during the last quarter. FMR LLC lifted its holdings in HDFC Bank by 19.3% in the third quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after buying an additional 1,114,210 shares during the period. Finally, Eminence Capital LP bought a new position in HDFC Bank in the second quarter valued at approximately $68,340,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of HDB opened at $66.69 on Tuesday. The stock has a market cap of $168.88 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.50. The stock’s 50-day moving average price is $64.19 and its two-hundred day moving average price is $62.40. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

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, beating analysts’ consensus estimates of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $4.84 billion. On average, equities analysts predict that HDFC Bank Limited will post 3.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th.

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.