HDFC Bank Limited (NYSE:HDB) Shares Acquired by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc lifted its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 242,362 shares of the bank's stock after purchasing an additional 36,555 shares during the period. AEGON ASSET MANAGEMENT UK Plc's holdings in HDFC Bank were worth $16,100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. purchased a new position in HDFC Bank in the 1st quarter valued at about $55,000. Legacy Wealth Asset Management LLC boosted its stake in shares of HDFC Bank by 3.2% in the first quarter. Legacy Wealth Asset Management LLC now owns 36,840 shares of the bank's stock worth $2,448,000 after acquiring an additional 1,138 shares during the last quarter. GAMMA Investing LLC increased its position in shares of HDFC Bank by 6,998.2% during the first quarter. GAMMA Investing LLC now owns 158,858 shares of the bank's stock worth $105,550,000 after purchasing an additional 156,620 shares in the last quarter. Boston Common Asset Management LLC raised its stake in HDFC Bank by 2.7% in the 1st quarter. Boston Common Asset Management LLC now owns 427,115 shares of the bank's stock valued at $28,378,000 after purchasing an additional 11,113 shares during the last quarter. Finally, Fairtree Asset Management Pty Ltd purchased a new position in HDFC Bank in the 4th quarter valued at $153,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

HDFC Bank Price Performance

Shares of NYSE:HDB traded up $0.63 during midday trading on Thursday, hitting $75.71. The company had a trading volume of 1,801,295 shares, compared to its average volume of 2,797,281. HDFC Bank Limited has a twelve month low of $57.17 and a twelve month high of $75.96. The stock has a market cap of $191.72 billion, a price-to-earnings ratio of 23.01, 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. The business's 50-day simple moving average is $71.01 and its 200-day simple moving average is $65.45.

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