Raiffeisen Bank International AG Invests $10.21 Million in HDFC Bank Limited (NYSE:HDB)

Raiffeisen Bank International AG purchased a new stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 159,240 shares of the bank's stock, valued at approximately $10,214,000.

Other large investors have also made changes to their positions in the company. Northern Trust Corp lifted its position in HDFC Bank by 52.0% during the 4th quarter. Northern Trust Corp now owns 1,015,588 shares of the bank's stock valued at $64,855,000 after purchasing an additional 347,488 shares during the period. US Bancorp DE lifted its holdings in HDFC Bank by 12.7% in the fourth quarter. US Bancorp DE now owns 157,665 shares of the bank's stock valued at $10,068,000 after buying an additional 17,800 shares during the period. Tudor Investment Corp ET AL bought a new position in HDFC Bank in the fourth quarter valued at approximately $580,000. Trinity Street Asset Management LLP grew its holdings in HDFC Bank by 7.4% during the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock worth $234,641,000 after acquiring an additional 252,600 shares during the period. Finally, Bank Julius Baer & Co. Ltd Zurich acquired a new stake in HDFC Bank during the 4th quarter worth $2,907,000. Institutional investors and hedge funds own 17.61% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on HDB shares. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd. Finally, StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.

HDFC Bank Stock Down 0.2%

Shares of HDB traded down $0.17 on Wednesday, hitting $72.91. The company's stock had a trading volume of 652,523 shares, compared to its average volume of 2,815,600. The firm's fifty day moving average price is $68.79 and its 200-day moving average price is $64.60. HDFC Bank Limited has a fifty-two week low of $55.00 and a fifty-two week high of $75.37. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $184.62 billion, a price-to-earnings ratio of 22.17, a P/E/G ratio of 2.12 and a beta of 0.63.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. The business had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, equities research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank 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.