US Bancorp DE Has $9.96 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Key Points

• US Bancorp DE has reduced its stake in HDFC Bank Limited by 4.9% in the first quarter, leaving it with a total of 149,878 shares valued at approximately $9.96 million.
• Institutional investors collectively own 17.61% of HDFC Bank, with notable increases in positions by firms such as Larson Financial Group (up 1,217.1%) and Cullen Frost Bankers (up 448.7%).
• HDFC Bank's latest quarterly earnings showed an EPS of $0.74, which was below the analyst consensus of $0.75, despite exceeding revenue expectations with $5.10 billion reported.

US Bancorp DE trimmed its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 4.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,878 shares of the bank's stock after selling 7,787 shares during the period. US Bancorp DE's holdings in HDFC Bank were worth $9,958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC increased its stake in HDFC Bank by 1,217.1% in the 1st 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 last quarter. Cullen Frost Bankers Inc. raised its stake in HDFC Bank by 448.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank's stock worth $41,000 after purchasing an additional 507 shares in the last quarter. NBC Securities Inc. acquired a new stake in HDFC Bank in the 1st quarter worth about $55,000. Atlas Capital Advisors Inc. acquired a new stake in HDFC Bank in the 4th quarter worth about $56,000. Finally, Pinnacle Bancorp Inc. raised its stake in HDFC Bank by 109.7% in the 1st quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank's stock worth $56,000 after purchasing an additional 443 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

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.

HDFC Bank Stock Down 0.9%

Shares of NYSE:HDB traded down $0.69 during midday trading on Tuesday, hitting $75.79. The stock had a trading volume of 1,014,391 shares, compared to its average volume of 1,889,766. The company's 50-day moving average price is $76.03 and its 200-day moving average price is $69.08. The company has a market capitalization of $191.93 billion, a P/E ratio of 23.25, a price-to-earnings-growth ratio of 1.91 and a beta of 0.64. HDFC Bank Limited has a fifty-two week low of $57.24 and a fifty-two week high of $79.61.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its 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 firm 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%. Research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank Company 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.