Blue Trust Inc. Increases Holdings in HDFC Bank Limited (NYSE:HDB)

Blue Trust Inc. increased its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 46.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 32,759 shares of the bank's stock after acquiring an additional 10,437 shares during the quarter. Blue Trust Inc.'s holdings in HDFC Bank were worth $2,177,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Whipplewood Advisors LLC bought a new position in HDFC Bank during the fourth quarter valued at $29,000. Graney & King LLC purchased a new stake in shares of HDFC Bank in the fourth quarter valued at approximately $38,000. Brown Brothers Harriman & Co. grew its position in shares of HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock worth $39,000 after buying an additional 240 shares in the last quarter. NBC Securities Inc. bought a new position in HDFC Bank during the 1st quarter worth about $55,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of HDFC Bank during the fourth quarter valued at approximately $56,000. Institutional investors own 17.61% of the company's stock.

Analyst Ratings Changes

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

HDFC Bank Stock Up 0.7%

NYSE:HDB opened at $74.49 on Friday. The company has a market cap of $188.62 billion, a PE ratio of 22.57, a P/E/G ratio of 1.77 and a beta of 0.64. The company has a current ratio of 0.07, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a twelve month low of $57.24 and a twelve month high of $77.76. The company's 50 day moving average is $73.25 and its two-hundred day moving average is $66.21.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The firm had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. Analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

About HDFC Bank

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.

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