Ninety One North America Inc. Increases Stake in HDFC Bank Limited (NYSE:HDB)

Ninety One North America Inc. grew its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 7.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Graney & King LLC acquired a new position in shares of HDFC Bank during the fourth quarter valued at about $38,000. Brown Brothers Harriman & Co. grew 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 worth $39,000 after purchasing an additional 240 shares during the period. NBC Securities Inc. acquired a new stake in shares of HDFC Bank during the 1st quarter worth approximately $55,000. Pinnacle Bancorp Inc. grew its stake in shares of HDFC Bank by 109.7% during the 1st quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank's stock worth $56,000 after purchasing an additional 443 shares during the period. Finally, Atlas Capital Advisors Inc. acquired a new stake in shares of HDFC Bank during the 4th quarter worth approximately $56,000. Institutional investors and hedge funds own 17.61% of the company's stock.

HDFC Bank Price Performance

Shares of NYSE:HDB traded down $0.19 during midday trading on Thursday, reaching $76.68. 1,117,471 shares of the company's stock traded hands, compared to its average volume of 2,710,929. HDFC Bank Limited has a 1 year low of $57.24 and a 1 year high of $78.14. The company has a market cap of $194.17 billion, a P/E ratio of 23.24, a PEG ratio of 1.85 and a beta of 0.64. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.07. The company has a fifty day simple moving average of $74.55 and a two-hundred day simple moving average of $67.14.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share 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 analyst estimates of $434.68 billion. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. Equities analysts predict that HDFC Bank Limited will post 3.03 EPS 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 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.