Triglav Skladi D.O.O. Takes $1.63 Million Position in HDFC Bank Limited (NYSE:HDB)

Key Points

• Triglav Skladi D.O.O. acquired 24,500 shares of HDFC Bank Limited, valued at approximately $1,628,000, during the 1st quarter of the year.
• Several institutional investors have significantly boosted their holdings in HDFC Bank, with Larson Financial Group LLC increasing its position by 1,217.1% during the same period.
• HDFC Bank reported earnings of $0.74 per share, which missed analysts' expectations by one cent, although it generated revenue exceeding forecasts at $5.10 billion.

Triglav Skladi D.O.O. purchased a new stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 24,500 shares of the bank's stock, valued at approximately $1,628,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HDB. S Bank Fund Management Ltd bought a new position in shares of HDFC Bank in the first quarter worth approximately $3,986,000. Mondrian Investment Partners LTD increased its position in shares of HDFC Bank by 1.3% in the first quarter. Mondrian Investment Partners LTD now owns 1,057,182 shares of the bank's stock worth $70,239,000 after purchasing an additional 13,738 shares during the last quarter. LGT Group Foundation bought a new position in shares of HDFC Bank in the first quarter worth approximately $5,429,000. Russell Investments Group Ltd. increased its position in shares of HDFC Bank by 4.9% in the first quarter. Russell Investments Group Ltd. now owns 2,541,113 shares of the bank's stock worth $168,798,000 after purchasing an additional 118,265 shares during the last quarter. Finally, Prudential PLC bought a new position in shares of HDFC Bank in the first quarter worth approximately $1,313,000. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th.

HDFC Bank Price Performance

NYSE HDB traded up $1.09 on Friday, reaching $74.94. 1,654,155 shares of the company's stock traded hands, compared to its average volume of 1,836,277. HDFC Bank Limited has a 12 month low of $57.78 and a 12 month high of $79.61. The stock has a 50-day simple moving average of $75.94 and a 200 day simple moving average of $69.98. The stock has a market cap of $191.15 billion, a PE ratio of 22.99, a P/E/G ratio of 1.87 and a beta of 0.64.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings data on Saturday, July 19th. The bank reported $0.74 earnings per share for the quarter, missing analysts' consensus estimates of $0.75 by ($0.01). The company had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $5.03 billion. HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. As a group, analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current 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.