Robeco Institutional Asset Management B.V. Acquires 908,709 Shares of HDFC Bank Limited (NYSE:HDB)

Robeco Institutional Asset Management B.V. grew its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,289,688 shares of the bank's stock after acquiring an additional 908,709 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.17% of HDFC Bank worth $285,007,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of HDB. FIL Ltd lifted its position in HDFC Bank by 17.5% in the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock valued at $1,115,451,000 after acquiring an additional 2,599,337 shares in the last quarter. Temasek Holdings Private Ltd raised its stake in shares of HDFC Bank by 2.3% in the fourth quarter. Temasek Holdings Private Ltd now owns 8,557,788 shares of the bank's stock worth $546,500,000 after purchasing an additional 190,566 shares during the last quarter. GQG Partners LLC lifted its holdings in shares of HDFC Bank by 74.4% in the fourth quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock valued at $503,431,000 after purchasing an additional 3,364,114 shares in the last quarter. FMR LLC boosted its position in shares of HDFC Bank by 13.3% during the fourth quarter. FMR LLC now owns 7,793,113 shares of the bank's stock valued at $497,668,000 after buying an additional 914,289 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of HDFC Bank by 43.0% during the fourth quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock valued at $466,629,000 after buying an additional 2,196,315 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Up 1.4%

Shares of HDB traded up $1.09 during trading hours on Thursday, reaching $77.05. 3,896,745 shares of the stock traded hands, compared to its average volume of 2,783,569. HDFC Bank Limited has a 52 week low of $57.24 and a 52 week high of $78.11. The company has a market cap of $195.11 billion, a price-to-earnings ratio of 23.35, a PEG ratio of 1.79 and a beta of 0.64. The stock has a fifty day simple moving average of $73.80 and a 200 day simple moving average of $66.43. The company has a current ratio of 0.07, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. HDFC Bank had a net margin of 15.02% and a return on equity of 13.85%. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. On average, equities analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.