HDFC Bank Limited (NYSE:HDB) Shares Bought by Zurich Insurance Group Ltd FI

Zurich Insurance Group Ltd FI raised its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 15.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,592 shares of the bank's stock after buying an additional 20,577 shares during the quarter. Zurich Insurance Group Ltd FI's holdings in HDFC Bank were worth $10,064,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HDB. GQG Partners LLC lifted its stake in shares of HDFC Bank by 74.4% in 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 boosted its stake in HDFC Bank by 82.1% in the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock worth $447,584,000 after buying an additional 3,160,533 shares during the last quarter. FIL Ltd increased its stake in shares of HDFC Bank by 17.5% during the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock valued at $1,115,451,000 after acquiring an additional 2,599,337 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of HDFC Bank by 43.0% during the 4th 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, Robeco Institutional Asset Management B.V. boosted its position in shares of HDFC Bank by 172.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank's stock worth $215,909,000 after acquiring an additional 2,140,591 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Trading Up 1.7%

NYSE:HDB traded up $1.25 on Monday, hitting $73.97. 3,094,533 shares of the stock were exchanged, compared to its average volume of 2,830,184. The stock has a market cap of $187.31 billion, a PE ratio of 22.48, a PEG ratio of 2.12 and a beta of 0.63. HDFC Bank Limited has a fifty-two week low of $55.00 and a fifty-two week high of $75.37. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average of $69.49 and a 200-day moving average of $64.81.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. As a group, equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal 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 report on Wednesday, May 14th.

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.