9,150 Shares in HDFC Bank Limited (NYSE:HDB) Acquired by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 9,150 shares of the bank's stock, valued at approximately $663,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HDB. FIL Ltd lifted its holdings in HDFC Bank by 17.5% during the fourth quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after buying an additional 2,599,337 shares during the period. Temasek Holdings Private Ltd lifted its holdings in HDFC Bank by 2.3% during the fourth quarter. Temasek Holdings Private Ltd now owns 8,557,788 shares of the bank's stock worth $546,500,000 after buying an additional 190,566 shares during the period. GQG Partners LLC increased its position in shares of HDFC Bank by 74.4% during the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock worth $503,431,000 after purchasing an additional 3,364,114 shares in the last quarter. FMR LLC increased its position in shares of HDFC Bank by 13.3% during the fourth quarter. FMR LLC now owns 7,793,113 shares of the bank's stock worth $497,668,000 after purchasing an additional 914,289 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of HDFC Bank by 43.0% during the fourth quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock worth $466,629,000 after purchasing an additional 2,196,315 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

HDFC Bank Price Performance

HDB stock traded down $0.10 during trading on Tuesday, reaching $78.36. 1,053,116 shares of the company were exchanged, compared to its average volume of 2,697,522. The stock's 50 day moving average price is $75.04 and its 200 day moving average price is $67.72. The company has a market cap of $198.44 billion, a P/E ratio of 23.74, a PEG ratio of 1.86 and a beta of 0.64. HDFC Bank Limited has a 52-week low of $57.24 and a 52-week high of $78.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.04 and a current ratio of 1.04.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.11. The company had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a net margin of 15.02% and a return on equity of 12.00%. As a group, analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal 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.