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HDFC Bank Limited (NYSE:HDB) Shares Purchased by Raiffeisen Bank International AG

HDFC Bank logo with Finance background

Key Points

  • Raiffeisen Bank International AG increased its stake in HDFC Bank by 21.3% during the first quarter, owning 193,223 shares valued at approximately $12.78 million.
  • HDFC Bank's latest quarterly earnings reported $0.74 EPS, falling short of the expected $0.75 EPS, despite revenue of $5.10 billion surpassing projections.
  • Institutional investors and hedge funds collectively own 17.61% of HDFC Bank's stock, indicating growing interest in the bank.
  • MarketBeat previews top five stocks to own in September.

Raiffeisen Bank International AG lifted its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 21.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 193,223 shares of the bank's stock after acquiring an additional 33,983 shares during the period. Raiffeisen Bank International AG's holdings in HDFC Bank were worth $12,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in HDB. Larson Financial Group LLC boosted its holdings in HDFC Bank by 1,217.1% in the first quarter. Larson Financial Group LLC now owns 461 shares of the bank's stock valued at $31,000 after purchasing an additional 426 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in HDFC Bank by 448.7% in the first quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank's stock valued at $41,000 after purchasing an additional 507 shares during the last quarter. NBC Securities Inc. purchased a new stake in HDFC Bank in the first quarter valued at $55,000. Pinnacle Bancorp Inc. boosted its holdings in HDFC Bank by 109.7% in the first quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank's stock valued at $56,000 after purchasing an additional 443 shares during the last quarter. Finally, Atlas Capital Advisors Inc. purchased a new stake in HDFC Bank in the fourth quarter valued at $56,000. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

NYSE:HDB opened at $77.00 on Friday. HDFC Bank Limited has a one year low of $57.24 and a one year high of $79.61. The firm has a market cap of $194.99 billion, a price-to-earnings ratio of 23.62, a PEG ratio of 1.92 and a beta of 0.64. The firm's fifty day moving average is $75.98 and its two-hundred day moving average is $68.88.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Saturday, July 19th. The bank reported $0.74 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.01). HDFC Bank had a return on equity of 11.60% and a net margin of 14.49%. The firm had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $5.03 billion. As a group, equities research analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a report on Saturday, July 26th.

View Our Latest Stock Analysis on HDFC Bank

HDFC Bank Company Profile

(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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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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