HDFC Bank Limited (NYSE:HDB) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 7.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 236,180 shares of the bank's stock after selling 19,300 shares during the quarter. Teachers Retirement System of The State of Kentucky's holdings in HDFC Bank were worth $15,692,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in HDFC Bank by 6,502.2% in the 1st quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,868,259 shares of the bank's stock worth $389,887,000 after purchasing an additional 5,779,375 shares in the last quarter. GQG Partners LLC increased its stake in HDFC Bank by 74.4% in the 4th quarter. GQG Partners LLC now owns 7,883,347 shares of the bank's stock worth $503,431,000 after acquiring an additional 3,364,114 shares during the last quarter. Schroder Investment Management Group increased its position in shares of HDFC Bank by 82.1% during the 4th quarter. Schroder Investment Management Group now owns 7,008,828 shares of the bank's stock valued at $447,584,000 after purchasing an additional 3,160,533 shares during the last quarter. FIL Ltd increased its position in shares of HDFC Bank by 17.5% during the 4th quarter. FIL Ltd now owns 17,467,131 shares of the bank's stock valued at $1,115,451,000 after purchasing an additional 2,599,337 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in HDFC Bank by 43.0% during the 4th quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock valued at $466,629,000 after acquiring an additional 2,196,315 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

HDFC Bank Price Performance

HDB stock traded down $0.43 during mid-day trading on Thursday, reaching $78.51. 813,006 shares of the company's stock were exchanged, compared to its average volume of 2,684,332. The company has a market cap of $198.81 billion, a price-to-earnings ratio of 24.08, a price-to-earnings-growth ratio of 1.95 and a beta of 0.64. The stock's 50 day moving average is $75.43 and its 200 day moving average is $67.98. HDFC Bank Limited has a 12-month low of $57.24 and a 12-month high of $79.61.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings results on Saturday, July 19th. The bank reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). The company had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.03 billion. HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. On average, research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share 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.