HDFC Bank Limited (NYSE:HDB) Stock Holdings Increased by Northern Trust Corp

Northern Trust Corp boosted its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 52.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,015,588 shares of the bank's stock after buying an additional 347,488 shares during the period. Northern Trust Corp's holdings in HDFC Bank were worth $64,855,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of HDFC Bank by 3.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 266,600 shares of the bank's stock valued at $17,025,000 after acquiring an additional 9,084 shares in the last quarter. Tudor Investment Corp ET AL acquired a new stake in HDFC Bank in the fourth quarter worth approximately $580,000. Aquatic Capital Management LLC bought a new position in HDFC Bank during the 4th quarter valued at $6,662,000. Gilder Gagnon Howe & Co. LLC increased its position in shares of HDFC Bank by 21.6% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 343,392 shares of the bank's stock valued at $21,929,000 after purchasing an additional 60,973 shares during the period. Finally, MGO One Seven LLC raised its stake in shares of HDFC Bank by 29.3% in the 4th quarter. MGO One Seven LLC now owns 5,555 shares of the bank's stock worth $355,000 after buying an additional 1,258 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on HDB shares. StockNews.com cut HDFC Bank from a "hold" rating to a "sell" rating in a research note on Monday, May 5th. 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 Trading Up 2.2%

HDB traded up $1.56 during trading on Monday, reaching $72.04. The company had a trading volume of 628,267 shares, compared to its average volume of 2,809,591. HDFC Bank Limited has a 12-month low of $54.99 and a 12-month high of $75.37. The firm's 50-day simple moving average is $66.95 and its 200 day simple moving average is $64.17. The company has a market cap of $182.44 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.12 and a beta of 0.63. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09.

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 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 business had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. Equities research 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.