B. Metzler seel. Sohn & Co. Holding AG Takes Position in HDFC Bank Limited (NYSE:HDB)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 243,772 shares of the bank's stock, valued at approximately $15,250,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of HDFC Bank by 5.4% in the 2nd quarter. UMB Bank n.a. now owns 4,831 shares of the bank's stock valued at $311,000 after purchasing an additional 248 shares during the period. Mount Yale Investment Advisors LLC grew its position in shares of HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank's stock valued at $399,000 after purchasing an additional 257 shares during the period. JFS Wealth Advisors LLC grew its position in shares of HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock valued at $42,000 after purchasing an additional 275 shares during the period. Prime Capital Investment Advisors LLC grew its position in shares of HDFC Bank by 1.2% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 25,576 shares of the bank's stock valued at $1,600,000 after purchasing an additional 308 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of HDFC Bank by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,215 shares of the bank's stock valued at $76,000 after purchasing an additional 312 shares during the period. 17.61% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HDB has been the subject of several research analyst reports. StockNews.com upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. downgraded HDFC Bank from an "overweight" rating to a "neutral" rating in a research report on Monday, July 22nd.

HDFC Bank Stock Up 1.4 %

NYSE:HDB traded up $0.85 during trading hours on Tuesday, reaching $63.17. 1,740,918 shares of the stock were exchanged, compared to its average volume of 2,977,365. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $67.44. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The firm has a 50 day moving average of $62.88 and a 200 day moving average of $61.03. The stock has a market cap of $159.97 billion, a PE ratio of 19.16, a PEG ratio of 1.62 and a beta of 0.91.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. On average, equities analysts expect that HDFC Bank Limited will post 3.2 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.