Handelsbanken Fonder AB Takes Position in HDFC Bank Limited (NYSE:HDB)

Handelsbanken Fonder AB bought a new position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 13,750 shares of the bank's stock, valued at approximately $914,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Whipplewood Advisors LLC acquired a new stake in HDFC Bank in the 4th quarter valued at $29,000. Graney & King LLC acquired a new position in shares of HDFC Bank during the 4th quarter worth about $38,000. Brown Brothers Harriman & Co. grew its holdings in shares of HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after acquiring an additional 240 shares in the last quarter. Sierra Ocean LLC acquired a new stake in shares of HDFC Bank in the fourth quarter valued at about $42,000. Finally, NBC Securities Inc. bought a new stake in HDFC Bank during the first quarter worth about $55,000. Institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Performance

HDB stock traded down $0.90 during trading hours on Tuesday, reaching $73.95. The stock had a trading volume of 3,907,582 shares, compared to its average volume of 2,795,082. The stock has a 50-day simple moving average of $72.72 and a 200 day simple moving average of $66.04. HDFC Bank Limited has a fifty-two week low of $57.24 and a fifty-two week high of $77.76. The stock has a market capitalization of $187.25 billion, a PE ratio of 22.68, a price-to-earnings-growth ratio of 1.77 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.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (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 analysts' expectations of $434.68 billion. HDFC Bank had a net margin of 15.02% and a return on equity of 13.85%. Analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

HDFC Bank 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.