KBC Group NV Increases Stock Position in HDFC Bank Limited (NYSE:HDB)

KBC Group NV boosted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 19.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 159,501 shares of the bank's stock after buying an additional 26,254 shares during the quarter. KBC Group NV's holdings in HDFC Bank were worth $10,597,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Graney & King LLC purchased a new position in shares of HDFC Bank in the fourth quarter valued at about $38,000. Brown Brothers Harriman & Co. grew its stake in shares of HDFC Bank by 63.7% in the fourth 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 last quarter. NBC Securities Inc. purchased a new position in HDFC Bank during the 1st quarter valued at about $55,000. Pinnacle Bancorp Inc. increased its holdings in HDFC Bank by 109.7% during the 1st 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 period. Finally, Atlas Capital Advisors Inc. bought a new position in HDFC Bank during the 4th quarter valued at approximately $56,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th.

HDFC Bank Trading Down 0.0%

NYSE HDB traded down $0.02 during trading on Thursday, hitting $76.16. The company had a trading volume of 1,618,943 shares, compared to its average volume of 2,741,151. The company's fifty day moving average is $74.16 and its 200-day moving average is $66.75. HDFC Bank Limited has a one year low of $57.24 and a one year high of $78.14. The company has a current ratio of 0.07, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a market cap of $192.86 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 1.79 and a beta of 0.64.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.11. HDFC Bank had a net margin of 15.02% and a return on equity of 13.85%. The company had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. On average, sell-side analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.

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.