1 week Ago By ABMN Staff
HDFC Bank Limited ( NYSE:HDB – Get Free Report ) gapped down before the market opened on Friday . The stock had previously closed at $64.06, but opened at $62.
66. HDFC Bank shares last traded at $62.37, with a volume of 242,203 shares.
Wall Street Analyst Weigh In Separately, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Check Out Our Latest Research Report on HDFC Bank HDFC Bank Trading Down 2.
4 % HDFC Bank ( NYSE:HDB – Get Free Report ) last issued its quarterly earnings results 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. The business had revenue of $9.
21 billion for the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a net margin of 14.
48% and a return on equity of 12.49%. As a group, equities research analysts anticipate that HDFC Bank Limited will post 3.
15 earnings per share for the current year. Hedge Funds Weigh In On HDFC Bank A number of large investors have recently modified their holdings of HDB. GAMMA Investing LLC raised its position in HDFC Bank by 84.
2% in the fourth quarter. GAMMA Investing LLC now owns 2,238 shares of the bank’s stock worth $143,000 after acquiring an additional 1,023 shares in the last quarter. Principal Financial Group Inc.
grew its stake in shares of HDFC Bank by 31.5% during the 3rd quarter. Principal Financial Group Inc.
now owns 47,225 shares of the bank’s stock worth $2,954,000 after purchasing an additional 11,319 shares during the period. Franklin Resources Inc. increased its holdings in shares of HDFC Bank by 9.
0% in the 3rd quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock valued at $420,477,000 after purchasing an additional 560,880 shares in the last quarter.
Peapack Gladstone Financial Corp acquired a new stake in shares of HDFC Bank in the third quarter valued at about $353,000. Finally, Synovus Financial Corp boosted its holdings in HDFC Bank by 0.8% during the third quarter.
Synovus Financial Corp now owns 89,591 shares of the bank’s stock worth $5,605,000 after buying an additional 711 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.
About HDFC Bank ( Get Free Report ) 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.
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