Vident Advisory LLC Has $3.35 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Vident Advisory LLC lifted its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 47.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,490 shares of the bank's stock after acquiring an additional 16,889 shares during the quarter. Vident Advisory LLC's holdings in HDFC Bank were worth $3,352,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Northern Trust Corp boosted its position in HDFC Bank by 52.0% in the 4th quarter. Northern Trust Corp now owns 1,015,588 shares of the bank's stock valued at $64,855,000 after buying an additional 347,488 shares during the last quarter. Tudor Investment Corp ET AL acquired a new position in HDFC Bank during the 4th quarter valued at about $580,000. US Bancorp DE grew its position in shares of HDFC Bank by 12.7% during the 4th quarter. US Bancorp DE now owns 157,665 shares of the bank's stock worth $10,068,000 after buying an additional 17,800 shares during the period. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of HDFC Bank during the 4th quarter valued at $2,907,000. Finally, Ovata Capital Management Ltd lifted its stake in shares of HDFC Bank by 89.7% in the 4th quarter. Ovata Capital Management Ltd now owns 690,320 shares of the bank's stock valued at $43,863,000 after purchasing an additional 326,400 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

HDFC Bank Trading Up 1.7%

HDFC Bank stock traded up $1.25 during mid-day trading on Monday, hitting $73.97. 3,094,533 shares of the company's stock were exchanged, compared to its average volume of 2,830,184. HDFC Bank Limited has a fifty-two week low of $55.00 and a fifty-two week high of $75.37. The company's 50 day simple moving average is $69.49 and its 200-day simple moving average is $64.81. The firm has a market capitalization of $187.31 billion, a P/E ratio of 22.48, a PEG ratio of 2.12 and a beta of 0.63. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26.

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