HDFC Bank Limited (NYSE:HDB) Shares Bought by Boston Common Asset Management LLC

Boston Common Asset Management LLC raised its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 2.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 427,115 shares of the bank's stock after acquiring an additional 11,113 shares during the period. HDFC Bank makes up 0.9% of Boston Common Asset Management LLC's investment portfolio, making the stock its 24th largest holding. Boston Common Asset Management LLC's holdings in HDFC Bank were worth $28,378,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Waverton Investment Management Ltd lifted its stake in shares of HDFC Bank by 1.0% in the 4th quarter. Waverton Investment Management Ltd now owns 19,963 shares of the bank's stock worth $1,275,000 after acquiring an additional 203 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after purchasing an additional 240 shares during the period. Level Four Advisory Services LLC lifted its stake in shares of HDFC Bank by 3.6% in the fourth quarter. Level Four Advisory Services LLC now owns 6,855 shares of the bank's stock valued at $438,000 after purchasing an additional 241 shares during the period. Baron Wealth Management LLC lifted its stake in shares of HDFC Bank by 3.7% in the fourth quarter. Baron Wealth Management LLC now owns 7,360 shares of the bank's stock valued at $470,000 after purchasing an additional 263 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of HDFC Bank by 13.0% in the fourth quarter. Principal Securities Inc. now owns 2,305 shares of the bank's stock valued at $147,000 after purchasing an additional 265 shares during the period. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Price Performance

Shares of NYSE HDB traded up $0.67 during midday trading on Friday, hitting $75.41. The company had a trading volume of 2,783,824 shares, compared to its average volume of 2,825,828. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a twelve month low of $55.00 and a twelve month high of $75.60. The business has a 50-day simple moving average of $70.47 and a two-hundred day simple moving average of $65.19. The firm has a market capitalization of $190.96 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $434.68 billion. Equities research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded 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.