Ninety One North America Inc. Raises Position in HDFC Bank Limited (NYSE:HDB)

Ninety One North America Inc. lifted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 7.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,764 shares of the bank's stock after acquiring an additional 4,788 shares during the quarter. Ninety One North America Inc.'s holdings in HDFC Bank were worth $4,569,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of HDB. Bank Pictet & Cie Europe AG boosted its stake in shares of HDFC Bank by 451.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,490 shares of the bank's stock worth $1,245,000 after acquiring an additional 15,955 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in shares of HDFC Bank by 88.3% during the 4th quarter. Jones Financial Companies Lllp now owns 2,860 shares of the bank's stock worth $183,000 after acquiring an additional 1,341 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of HDFC Bank during the 4th quarter worth approximately $39,495,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of HDFC Bank during the 4th quarter worth approximately $2,907,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of HDFC Bank by 3.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 96,876 shares of the bank's stock worth $6,186,000 after acquiring an additional 3,135 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Price Performance

NYSE:HDB traded down $1.00 during trading hours on Monday, reaching $75.54. 1,754,482 shares of the company traded hands, compared to its average volume of 2,729,817. 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 Limited has a 1-year low of $57.24 and a 1-year high of $78.14. The firm's 50-day moving average is $74.32 and its 200-day moving average is $66.93. The stock has a market cap of $191.29 billion, a P/E ratio of 22.89, a P/E/G ratio of 1.85 and a beta of 0.64.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.11. The firm had revenue of $5.04 billion during the quarter, compared to analysts' expectations of $434.68 billion. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. Equities research 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 HDFC Bank from a "sell" rating to a "hold" rating in a research note 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.