HDFC Bank Limited (NYSE:HDB) Stake Raised by Quantinno Capital Management LP

Quantinno Capital Management LP lifted its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 71.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 35,972 shares of the bank's stock after purchasing an additional 14,982 shares during the quarter. Quantinno Capital Management LP's holdings in HDFC Bank were worth $2,297,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. MayTech Global Investments LLC grew its position in HDFC Bank by 7.8% in the 4th quarter. MayTech Global Investments LLC now owns 177,049 shares of the bank's stock valued at $11,306,000 after buying an additional 12,738 shares in the last quarter. MJP Associates Inc. ADV boosted its holdings in shares of HDFC Bank by 12.8% in the fourth quarter. MJP Associates Inc. ADV now owns 4,314 shares of the bank's stock valued at $275,000 after acquiring an additional 489 shares in the last quarter. Letko Brosseau & Associates Inc. increased its stake in shares of HDFC Bank by 19.9% during the fourth quarter. Letko Brosseau & Associates Inc. now owns 53,100 shares of the bank's stock valued at $3,391,000 after acquiring an additional 8,800 shares during the period. LMR Partners LLP raised its holdings in HDFC Bank by 2.0% during the fourth quarter. LMR Partners LLP now owns 1,750,000 shares of the bank's stock worth $111,755,000 after purchasing an additional 34,545 shares in the last quarter. Finally, LRI Investments LLC lifted its position in HDFC Bank by 50.8% in the fourth quarter. LRI Investments LLC now owns 2,214 shares of the bank's stock worth $141,000 after purchasing an additional 746 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

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 Price Performance

Shares of NYSE:HDB traded up $1.25 during trading hours on Monday, hitting $73.97. 3,094,533 shares of the company's stock traded hands, compared to its average volume of 2,830,184. The company's fifty day simple moving average is $69.49 and its two-hundred day simple moving average is $64.81. The company has a market cap of $187.31 billion, a price-to-earnings ratio of 22.48, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. HDFC Bank Limited has a 52 week low of $55.00 and a 52 week high of $75.37.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. The company had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, equities analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

About HDFC Bank

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.