HDFC Bank Limited (NYSE:HDB) Shares Acquired by Mondrian Investment Partners LTD

Key Points

• Mondrian Investment Partners LTD increased its stake in HDFC Bank Limited by 1.3% in the first quarter, now owning over 1 million shares valued at approximately $70.2 million.
• Other institutional investors, including Larson Financial Group LLC and Cullen Frost Bankers Inc., made significant increases in their holdings of HDFC Bank, showcasing substantial interest in the stock.
• HDFC Bank reported a quarterly earnings per share of $0.74, slightly missing analysts' expectations, with revenue exceeding estimates at $5.1 billion.

Mondrian Investment Partners LTD increased its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 1.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,057,182 shares of the bank's stock after purchasing an additional 13,738 shares during the quarter. Mondrian Investment Partners LTD's holdings in HDFC Bank were worth $70,239,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC increased its stake in HDFC Bank by 1,217.1% during the first quarter. Larson Financial Group LLC now owns 461 shares of the bank's stock worth $31,000 after acquiring an additional 426 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake in shares of HDFC Bank by 448.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank's stock worth $41,000 after acquiring an additional 507 shares in the last quarter. NBC Securities Inc. purchased a new position in HDFC Bank in the first quarter worth $55,000. Pinnacle Bancorp Inc. boosted its position in shares of HDFC Bank by 109.7% in the 1st quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank's stock worth $56,000 after purchasing an additional 443 shares in the last quarter. Finally, Rakuten Securities Inc. boosted its position in shares of HDFC Bank by 233.0% in the 1st quarter. Rakuten Securities Inc. now owns 899 shares of the bank's stock worth $60,000 after purchasing an additional 629 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

HDFC Bank Stock Up 1.5%

Shares of HDB traded up $1.09 during trading hours on Friday, reaching $74.94. 1,654,155 shares of the company traded hands, compared to its average volume of 2,576,979. The business has a fifty day moving average price of $76.00 and a 200-day moving average price of $69.81. The stock has a market capitalization of $191.15 billion, a P/E ratio of 22.99, a P/E/G ratio of 1.84 and a beta of 0.64. HDFC Bank Limited has a 12-month low of $57.78 and a 12-month high of $79.61.

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

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.