Focus Partners Advisor Solutions LLC Buys New Shares in HDFC Bank Limited (NYSE:HDB)

Focus Partners Advisor Solutions LLC acquired a new position in HDFC Bank Limited (NYSE:HDB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,217 shares of the bank's stock, valued at approximately $269,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Zurich Insurance Group Ltd FI lifted its holdings in HDFC Bank by 15.0% in the fourth quarter. Zurich Insurance Group Ltd FI now owns 157,592 shares of the bank's stock worth $10,064,000 after buying an additional 20,577 shares during the period. Vident Advisory LLC increased its stake in shares of HDFC Bank by 47.4% during the fourth quarter. Vident Advisory LLC now owns 52,490 shares of the bank's stock valued at $3,352,000 after purchasing an additional 16,889 shares in the last quarter. Temasek Holdings Private Ltd increased its stake in shares of HDFC Bank by 2.3% during the fourth quarter. Temasek Holdings Private Ltd now owns 8,557,788 shares of the bank's stock valued at $546,500,000 after purchasing an additional 190,566 shares in the last quarter. State of Wyoming increased its stake in shares of HDFC Bank by 29.5% during the fourth quarter. State of Wyoming now owns 9,924 shares of the bank's stock valued at $634,000 after purchasing an additional 2,260 shares in the last quarter. Finally, Steadfast Capital Management LP bought a new position in shares of HDFC Bank during the fourth quarter valued at approximately $11,763,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Performance

NYSE HDB traded up $0.38 during trading hours on Friday, hitting $75.12. The company's stock had a trading volume of 868,436 shares, compared to its average volume of 2,824,935. HDFC Bank Limited has a 12 month low of $55.00 and a 12 month high of $75.37. The company's 50 day simple moving average is $70.28 and its two-hundred day simple moving average is $65.08. The company has a market cap of $190.23 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. As a group, sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th.

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.