HDFC Bank Limited (NYSE:HDB) Shares Bought by First Trust Advisors LP

First Trust Advisors LP increased its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 111.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,109 shares of the bank's stock after buying an additional 20,633 shares during the period. First Trust Advisors LP's holdings in HDFC Bank were worth $2,498,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Whipplewood Advisors LLC bought a new position in shares of HDFC Bank during the 4th quarter worth $29,000. Graney & King LLC bought a new position in HDFC Bank during the 4th quarter worth about $38,000. Brown Brothers Harriman & Co. increased its position in HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after purchasing an additional 240 shares during the period. Sierra Ocean LLC bought a new stake in shares of HDFC Bank in the 4th quarter valued at about $42,000. Finally, Atlas Capital Advisors Inc. purchased a new stake in shares of HDFC Bank in the 4th quarter worth approximately $56,000. Institutional investors own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on HDB shares. Nomura raised shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd. Finally, StockNews.com downgraded shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Monday, May 5th.

HDFC Bank Stock Up 1.5 %

NYSE HDB traded up $1.04 on Friday, hitting $70.54. The stock had a trading volume of 2,323,241 shares, compared to its average volume of 2,817,861. The business's fifty day moving average price is $66.95 and its 200 day moving average price is $64.17. The stock has a market cap of $178.63 billion, a price-to-earnings ratio of 21.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank Limited has a 52-week low of $54.99 and a 52-week high of $75.37.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.11. The firm had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities research analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

About HDFC Bank

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.