Generali Investments CEE investicni spolecnost a.s. lifted its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 167.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 99,200 shares of the bank's stock after acquiring an additional 62,120 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in HDFC Bank were worth $6,591,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Graney & King LLC bought a new stake in shares of HDFC Bank in the 4th quarter worth $38,000. Brown Brothers Harriman & Co. lifted its stake in shares of HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after buying an additional 240 shares in the last quarter. NBC Securities Inc. bought a new position in shares of HDFC Bank in the first quarter worth $55,000. Atlas Capital Advisors Inc. bought a new position in shares of HDFC Bank in the fourth quarter valued at approximately $56,000. Finally, Pinnacle Bancorp Inc. boosted its stake 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 buying an additional 443 shares during the period. 17.61% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th.
View Our Latest Stock Analysis on HDFC Bank
HDFC Bank Stock Performance
HDB traded up $0.68 during mid-day trading on Tuesday, reaching $76.16. 1,623,332 shares of the company traded hands, compared to its average volume of 2,725,216. The company has a quick ratio of 0.09, a current ratio of 0.07 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 52-week low of $57.24 and a 52-week high of $78.14. The stock has a market capitalization of $192.86 billion, a P/E ratio of 23.08, a P/E/G ratio of 1.83 and a beta of 0.64. The company's fifty day moving average price is $74.47 and its 200-day moving average price is $67.07.
HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating 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 firm had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. On average, sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.
About HDFC Bank
(
Free Report)
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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