HDFC Bank Limited (NYSE:HDB) Shares Purchased by Generali Investments CEE investicni spolecnost a.s.

Generali Investments CEE investicni spolecnost a.s. grew its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 167.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 99,200 shares of the bank's stock after purchasing an additional 62,120 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in HDFC Bank were worth $6,591,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in HDB. GQG Partners LLC boosted its stake 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 valued at $503,431,000 after purchasing an additional 3,364,114 shares during the period. Schroder Investment Management Group lifted its stake in HDFC Bank by 82.1% in the fourth quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock worth $447,584,000 after acquiring an additional 3,160,533 shares during the period. FIL Ltd lifted its stake in HDFC Bank by 17.5% in the fourth quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock worth $1,115,451,000 after acquiring an additional 2,599,337 shares during the period. Royal Bank of Canada lifted its stake in HDFC Bank by 43.0% in the fourth quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock worth $466,629,000 after acquiring an additional 2,196,315 shares during the period. Finally, National Bank of Canada FI lifted its stake in HDFC Bank by 3,535.1% in the fourth quarter. National Bank of Canada FI now owns 1,921,668 shares of the bank's stock worth $122,718,000 after acquiring an additional 1,868,804 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Down 0.0%

HDFC Bank stock traded down $0.02 during trading hours on Friday, reaching $76.16. The stock had a trading volume of 1,618,943 shares, compared to its average volume of 2,733,734. The company has a market cap of $192.86 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 1.85 and a beta of 0.64. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.07 and a quick ratio of 0.09. The business's 50 day moving average price is $74.32 and its 200-day moving average price is $66.89. HDFC Bank Limited has a 52 week low of $57.24 and a 52 week high of $78.14.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.11. The business had revenue of $5.04 billion during 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 13.85%. Sell-side analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Wall Street Analyst Weigh In

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 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.