Natixis Advisors LLC Has $125.22 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Natixis Advisors LLC lifted its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 8.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,001,569 shares of the bank's stock after purchasing an additional 148,441 shares during the quarter. Natixis Advisors LLC owned 0.08% of HDFC Bank worth $125,218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HDB. CIBC Asset Management Inc increased its position in shares of HDFC Bank by 3.8% during the 3rd quarter. CIBC Asset Management Inc now owns 177,879 shares of the bank's stock worth $11,128,000 after purchasing an additional 6,473 shares during the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of HDFC Bank by 32.1% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 13,793 shares of the bank's stock valued at $863,000 after purchasing an additional 3,353 shares during the period. Tokio Marine Asset Management Co. Ltd. lifted its stake in HDFC Bank by 13.4% in the 3rd 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 last quarter. Endowment Wealth Management Inc. grew its holdings in HDFC Bank by 30.4% during the third quarter. Endowment Wealth Management Inc. now owns 5,913 shares of the bank's stock worth $370,000 after purchasing an additional 1,377 shares during the period. Finally, Wealthstream Advisors Inc. acquired a new position in HDFC Bank during the third quarter worth approximately $245,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. lowered HDFC Bank from an "overweight" rating to a "neutral" rating in a report on Monday, July 22nd. StockNews.com upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a report on Friday, November 8th.

HDFC Bank Stock Performance

HDFC Bank stock traded down $0.01 during trading hours on Friday, hitting $61.90. The company had a trading volume of 2,375,136 shares, compared to its average volume of 2,979,078. The firm has a 50-day moving average of $62.86 and a 200 day moving average of $60.96. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a market cap of $156.75 billion, a PE ratio of 18.81, a PEG ratio of 1.61 and a beta of 0.91. HDFC Bank Limited has a one year low of $52.16 and a one year high of $67.44.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The business had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $4.84 billion. On average, sell-side analysts expect that HDFC Bank Limited will post 3.2 earnings per share for the current 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.