Amundi Increases Holdings in HDFC Bank Limited (NYSE:HDB)

Amundi boosted its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 10.9% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 227,961 shares of the bank's stock after buying an additional 22,380 shares during the period. Amundi's holdings in HDFC Bank were worth $13,764,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Dorsey & Whitney Trust CO LLC increased its stake in HDFC Bank by 14.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 6,383 shares of the bank's stock worth $408,000 after buying an additional 803 shares in the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of HDFC Bank in the fourth quarter worth about $2,368,000. PNC Financial Services Group Inc. increased its holdings in shares of HDFC Bank by 3.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 96,876 shares of the bank's stock worth $6,186,000 after purchasing an additional 3,135 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of HDFC Bank in the fourth quarter worth about $2,907,000. Finally, Callan Family Office LLC bought a new stake in shares of HDFC Bank in the fourth quarter worth about $1,999,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Up 1.1 %

Shares of NYSE:HDB traded up $0.65 during trading hours on Friday, hitting $60.68. 1,325,650 shares of the company's stock traded hands, compared to its average volume of 2,501,937. HDFC Bank Limited has a 1 year low of $54.07 and a 1 year high of $68.50. The business has a fifty day moving average price of $60.00 and a 200-day moving average price of $62.41. The firm has a market capitalization of $153.66 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09.

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HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. Equities analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HDB shares. Nomura raised HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. StockNews.com cut HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday, November 27th. Finally, Nomura Securities raised HDFC Bank from a "hold" rating to a "strong-buy" rating in a research note on Thursday, January 23rd.

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.