DekaBank Deutsche Girozentrale Acquires 20,905 Shares of HDFC Bank Limited (NYSE:HDB)

DekaBank Deutsche Girozentrale raised its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 6.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 322,392 shares of the bank's stock after purchasing an additional 20,905 shares during the period. DekaBank Deutsche Girozentrale's holdings in HDFC Bank were worth $20,896,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in HDB. Northern Trust Corp boosted its stake 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 in the last quarter. Tudor Investment Corp ET AL purchased a new position in HDFC Bank in the fourth quarter worth about $580,000. Ovata Capital Management Ltd raised its holdings in HDFC Bank by 89.7% in the fourth quarter. Ovata Capital Management Ltd now owns 690,320 shares of the bank's stock worth $43,863,000 after buying an additional 326,400 shares during the last quarter. Summit Global Investments raised its holdings in HDFC Bank by 46.8% in the fourth quarter. Summit Global Investments now owns 13,199 shares of the bank's stock worth $843,000 after buying an additional 4,210 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in HDFC Bank by 111.7% in the fourth quarter. First Trust Advisors LP now owns 39,109 shares of the bank's stock worth $2,498,000 after buying an additional 20,633 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

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

HDFC Bank Price Performance

Shares of HDFC Bank stock traded down $0.19 on Thursday, hitting $76.68. 1,117,471 shares of the company traded hands, compared to its average volume of 2,710,930. HDFC Bank Limited has a 52 week low of $57.24 and a 52 week high of $78.14. The business has a 50-day simple moving average of $74.55 and a 200 day simple moving average of $67.14. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.07. The stock has a market capitalization of $194.17 billion, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 1.85 and a beta of 0.64.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a net margin of 15.02% and a return on equity of 13.85%. 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.