Financiere des Professionnels Fonds d investissement inc. Has $12.56 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

Financiere des Professionnels Fonds d investissement inc. lifted its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 4.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 188,995 shares of the bank's stock after purchasing an additional 8,348 shares during the quarter. HDFC Bank accounts for 0.8% of Financiere des Professionnels Fonds d investissement inc.'s portfolio, making the stock its 26th largest position. Financiere des Professionnels Fonds d investissement inc.'s holdings in HDFC Bank were worth $12,557,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Graney & King LLC purchased a new stake in shares of HDFC Bank in the fourth quarter worth approximately $38,000. Brown Brothers Harriman & Co. lifted its position 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 worth $39,000 after purchasing an additional 240 shares in the last quarter. NBC Securities Inc. bought a new position in HDFC Bank during the first quarter valued at approximately $55,000. Pinnacle Bancorp Inc. raised its position in HDFC Bank by 109.7% during the first quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank's stock valued at $56,000 after acquiring an additional 443 shares in the last quarter. Finally, Atlas Capital Advisors Inc. bought a new position in HDFC Bank during the fourth quarter valued at approximately $56,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

HDFC Bank Stock Performance

Shares of NYSE:HDB traded down $1.00 during trading on Monday, reaching $75.54. The stock had a trading volume of 1,754,482 shares, compared to its average volume of 2,729,817. HDFC Bank Limited has a 52 week low of $57.24 and a 52 week high of $78.14. The firm has a market capitalization of $191.29 billion, a price-to-earnings ratio of 22.89, a P/E/G ratio of 1.85 and a beta of 0.64. The company has a quick ratio of 0.09, a current ratio of 0.07 and a debt-to-equity ratio of 1.26. The stock has a fifty day simple moving average of $74.32 and a two-hundred day simple moving average of $66.93.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly 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 company had revenue of $5.04 billion for 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%. As a group, analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal 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.