Royal Bank of Canada Has $466.63 Million Position in HDFC Bank Limited (NYSE:HDB)

Royal Bank of Canada raised its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 43.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,307,074 shares of the bank's stock after acquiring an additional 2,196,315 shares during the quarter. Royal Bank of Canada owned approximately 0.29% of HDFC Bank worth $466,629,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Assenagon Asset Management S.A. raised its holdings in HDFC Bank by 823.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 59,942 shares of the bank's stock valued at $3,828,000 after buying an additional 53,449 shares during the last quarter. Park Avenue Securities LLC raised its holdings in HDFC Bank by 39.8% in the 4th quarter. Park Avenue Securities LLC now owns 22,584 shares of the bank's stock valued at $1,442,000 after buying an additional 6,430 shares during the last quarter. Ritholtz Wealth Management raised its holdings in HDFC Bank by 25.8% in the 4th quarter. Ritholtz Wealth Management now owns 14,506 shares of the bank's stock valued at $926,000 after buying an additional 2,974 shares during the last quarter. Empirical Asset Management LLC bought a new position in HDFC Bank in the 4th quarter valued at approximately $1,869,000. Finally, Trinity Street Asset Management LLP raised its holdings in HDFC Bank by 7.4% in the 4th quarter. Trinity Street Asset Management LLP now owns 3,674,300 shares of the bank's stock valued at $234,641,000 after buying an additional 252,600 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Down 0.1%

HDFC Bank stock traded down $0.09 during mid-day trading on Wednesday, hitting $72.98. 1,453,348 shares of the stock were exchanged, compared to its average volume of 2,818,565. 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 Limited has a 12 month low of $55.00 and a 12 month high of $75.37. The firm's fifty day simple moving average is $68.79 and its two-hundred day simple moving average is $64.60. The stock has a market capitalization of $184.81 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 2.12 and a beta of 0.63.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. Finally, Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd.

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.