B. Metzler seel. Sohn & Co. AG Purchases 106,996 Shares of HDFC Bank Limited $HDB

Key Points

• B. Metzler seel. Sohn & Co. AG increased its stake in HDFC Bank by 43.6%, acquiring an additional 106,996 shares, bringing their total holdings to 352,649 shares valued at approximately $23.43 million.
• Other institutional investors, including Northern Trust Corp and Natixis Advisors LLC, also significantly raised their positions in HDFC Bank, contributing to a total institutional ownership of 17.61% in the company.
• HDFC Bank's stock is currently rated as a Strong Buy by analysts, with a recent upgrade from a “sell” to a “hold” rating, despite reporting an earnings miss for the last quarter.

B. Metzler seel. Sohn & Co. AG grew its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 43.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 352,649 shares of the bank's stock after acquiring an additional 106,996 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in HDFC Bank were worth $23,430,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Northern Trust Corp raised its position in HDFC Bank by 52.0% in the 4th quarter. Northern Trust Corp now owns 1,015,588 shares of the bank's stock worth $64,855,000 after purchasing an additional 347,488 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in HDFC Bank in the 4th quarter worth approximately $580,000. Raiffeisen Bank International AG raised its position in HDFC Bank by 21.3% in the 1st quarter. Raiffeisen Bank International AG now owns 193,223 shares of the bank's stock worth $12,778,000 after purchasing an additional 33,983 shares during the last quarter. Natixis Advisors LLC raised its position in HDFC Bank by 20.6% in the 1st quarter. Natixis Advisors LLC now owns 2,238,560 shares of the bank's stock worth $148,730,000 after purchasing an additional 382,267 shares during the last quarter. Finally, ARGA Investment Management LP raised its position in HDFC Bank by 7.2% in the 1st quarter. ARGA Investment Management LP now owns 1,553,975 shares of the bank's stock worth $103,246,000 after purchasing an additional 104,162 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

HDFC Bank Stock Down 0.2%

HDB opened at $72.67 on Wednesday. HDFC Bank Limited has a 12 month low of $57.78 and a 12 month high of $79.61. The company has a fifty day simple moving average of $75.80 and a 200 day simple moving average of $70.63. The stock has a market cap of $185.35 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.86 and a beta of 0.64.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings data on Saturday, July 19th. The bank reported $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.01). HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. The firm had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.03 billion. On average, equities research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal 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.

Want to see what other hedge funds are holding HDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HDFC Bank Limited (NYSE:HDB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.