5,720 Shares in HDFC Bank Limited (NYSE:HDB) Bought by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. acquired a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,720 shares of the bank's stock, valued at approximately $351,000.

A number of other institutional investors and hedge funds have also made changes to their positions in HDB. GQG Partners LLC grew its position in HDFC Bank by 74.4% in the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock valued at $503,431,000 after buying an additional 3,364,114 shares during the last quarter. Schroder Investment Management Group increased its stake in shares of HDFC Bank by 82.1% during the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock worth $447,584,000 after acquiring an additional 3,160,533 shares during the period. FIL Ltd raised its holdings in HDFC Bank by 17.5% during the fourth quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after purchasing an additional 2,599,337 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in HDFC Bank by 172.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank's stock valued at $215,909,000 after purchasing an additional 2,140,591 shares during the period. Finally, National Bank of Canada FI boosted its holdings in HDFC Bank by 3,535.1% in the 4th quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank's stock valued at $122,718,000 after purchasing an additional 1,868,804 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Up 0.1 %

HDFC Bank stock traded up $0.05 during trading on Monday, reaching $73.64. 1,576,957 shares of the company's stock were exchanged, compared to its average volume of 2,814,892. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $75.37. The firm has a market cap of $186.48 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.12 and a beta of 0.68. The company's 50-day moving average is $65.81 and its two-hundred day moving average is $63.87.

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

Analyst Ratings Changes

A number of research firms recently weighed in on HDB. StockNews.com upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research note on Thursday, April 24th. Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd.

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.