Nuveen LLC bought a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,684,262 shares of the bank's stock, valued at approximately $178,342,000. Nuveen LLC owned 0.11% of HDFC Bank as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also made changes to their positions in HDB. Larson Financial Group LLC lifted its stake in shares of 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 buying an additional 426 shares during the period. Cullen Frost Bankers Inc. lifted its stake in HDFC Bank by 448.7% during the first quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank's stock worth $41,000 after purchasing an additional 507 shares during the period. NBC Securities Inc. bought a new position in HDFC Bank during the first quarter worth about $55,000. Pinnacle Bancorp Inc. lifted its stake in HDFC Bank by 109.7% during the first 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, Rakuten Securities Inc. lifted its stake in HDFC Bank by 233.0% during the first quarter. Rakuten Securities Inc. now owns 899 shares of the bank's stock worth $60,000 after purchasing an additional 629 shares during the period. Institutional investors own 17.61% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wall Street Zen upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.
Get Our Latest Research Report on HDFC Bank
HDFC Bank Stock Down 0.8%
Shares of HDB opened at $74.12 on Tuesday. The stock has a market cap of $189.07 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 1.86 and a beta of 0.64. The company has a 50-day moving average price of $76.08 and a two-hundred day moving average price of $69.64. 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 posted its quarterly earnings data on Saturday, July 19th. The bank reported $0.74 earnings per share for the quarter, missing the consensus estimate 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%. Equities research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.
About HDFC Bank
(
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.
See Also
Want to see what other hedge funds are holding HDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HDFC Bank Limited (NYSE:HDB - Free Report).

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