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

DekaBank Deutsche Girozentrale grew its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 6.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 322,392 shares of the bank's stock after buying an additional 20,905 shares during the quarter. DekaBank Deutsche Girozentrale's holdings in HDFC Bank were worth $20,896,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. May Hill Capital LLC bought a new position in shares of HDFC Bank during the first quarter valued at about $402,000. ARGA Investment Management LP grew its stake in shares of HDFC Bank by 7.2% during the first quarter. ARGA Investment Management LP now owns 1,553,975 shares of the bank's stock valued at $103,246,000 after buying an additional 104,162 shares during the last quarter. Ninety One North America Inc. grew its stake in shares of HDFC Bank by 7.5% during the first quarter. Ninety One North America Inc. now owns 68,764 shares of the bank's stock valued at $4,569,000 after buying an additional 4,788 shares during the last quarter. Financiere des Professionnels Fonds d investissement inc. grew its stake in shares of HDFC Bank by 4.6% during the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 188,995 shares of the bank's stock valued at $12,557,000 after buying an additional 8,348 shares during the last quarter. Finally, Generali Investments CEE investicni spolecnost a.s. grew its stake in shares of HDFC Bank by 167.5% during the first quarter. Generali Investments CEE investicni spolecnost a.s. now owns 99,200 shares of the bank's stock valued at $6,591,000 after buying an additional 62,120 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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 Performance

HDFC Bank stock opened at $76.81 on Thursday. 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 1-year low of $57.24 and a 1-year high of $78.14. The firm has a 50-day moving average of $74.55 and a 200-day moving average of $67.14. The firm has a market cap of $194.51 billion, a P/E ratio of 23.28, a P/E/G ratio of 1.85 and a beta of 0.64.

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

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.

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