DekaBank Deutsche Girozentrale Boosts Stock Holdings in HDFC Bank Limited (NYSE:HDB)

DekaBank Deutsche Girozentrale boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 1.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,392 shares of the bank’s stock after acquiring an additional 5,674 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in HDFC Bank were worth $17,761,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HDB. Frazier Financial Advisors LLC bought a new stake in HDFC Bank in the 4th quarter worth about $29,000. GAMMA Investing LLC purchased a new stake in HDFC Bank in the fourth quarter worth approximately $33,000. Northwest Investment Counselors LLC bought a new stake in HDFC Bank in the 1st quarter worth approximately $34,000. Janiczek Wealth Management LLC purchased a new stake in HDFC Bank during the 1st quarter valued at $35,000. Finally, Parkside Financial Bank & Trust lifted its holdings in shares of HDFC Bank by 89.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 615 shares of the bank’s stock valued at $41,000 after buying an additional 291 shares during the period. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Performance

HDFC Bank stock traded down $0.51 during midday trading on Friday, hitting $60.00. The stock had a trading volume of 6,479,249 shares, compared to its average volume of 2,431,621. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $67.54. The company has a market capitalization of $111.59 billion, a PE ratio of 18.40, a P/E/G ratio of 1.66 and a beta of 0.93. The firm’s fifty day moving average is $60.98 and its two-hundred day moving average is $57.79. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 1.37.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Monday, July 22nd. The bank reported $0.78 EPS for the quarter, beating the consensus estimate of $0.51 by $0.27. The firm had revenue of $14.03 billion for the quarter, compared to the consensus estimate of $4.81 billion. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. On average, research analysts forecast that HDFC Bank Limited will post 2.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HDB shares. JPMorgan Chase & Co. cut HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Thursday, June 13th.

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.