HDFC Bank Limited (NYSE:HDB) Position Increased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky boosted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 255,480 shares of the bank's stock after purchasing an additional 17,060 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in HDFC Bank were worth $16,315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HDB. Transce3nd LLC acquired a new stake in shares of HDFC Bank during the fourth quarter valued at about $72,000. MML Investors Services LLC boosted its holdings in HDFC Bank by 10.7% in the fourth quarter. MML Investors Services LLC now owns 51,238 shares of the bank's stock valued at $3,272,000 after purchasing an additional 4,972 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its stake in HDFC Bank by 1,700.1% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 355,511 shares of the bank's stock valued at $22,703,000 after purchasing an additional 335,762 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in HDFC Bank by 94.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,059,154 shares of the bank's stock worth $67,638,000 after purchasing an additional 513,202 shares during the last quarter. Finally, First Trust Advisors LP raised its position in shares of HDFC Bank by 111.7% in the 4th quarter. First Trust Advisors LP now owns 39,109 shares of the bank's stock valued at $2,498,000 after purchasing an additional 20,633 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research report on Thursday. Nomura raised 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 research note on Thursday, January 23rd.

HDFC Bank Stock Performance

Shares of HDB traded up $0.17 during mid-day trading on Friday, hitting $72.17. The stock had a trading volume of 2,922,107 shares, compared to its average volume of 2,827,154. HDFC Bank Limited has a fifty-two week low of $54.99 and a fifty-two week high of $75.37. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The company has a market cap of $182.76 billion, a PE ratio of 21.94, a PEG ratio of 2.12 and a beta of 0.68. The company's fifty day simple moving average is $64.54 and its two-hundred day simple moving average is $63.43.

HDFC Bank (NYSE:HDB - Get Free Report) last released its earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. The firm had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, equities analysts expect 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.