ARGA Investment Management LP Has $87.90 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

ARGA Investment Management LP boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 22.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,405,019 shares of the bank's stock after acquiring an additional 258,598 shares during the period. HDFC Bank accounts for 2.9% of ARGA Investment Management LP's portfolio, making the stock its 13th largest position. ARGA Investment Management LP owned 0.06% of HDFC Bank worth $87,898,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Glenmede Trust Co. NA increased its holdings in HDFC Bank by 3.6% in the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock valued at $301,000 after purchasing an additional 167 shares during the last quarter. Commerce Bank raised its position in shares of HDFC Bank by 7.0% in the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank's stock valued at $214,000 after acquiring an additional 225 shares during the period. UMB Bank n.a. boosted its stake in HDFC Bank by 5.4% during the 2nd quarter. UMB Bank n.a. now owns 4,831 shares of the bank's stock worth $311,000 after acquiring an additional 248 shares during the last quarter. Pin Oak Investment Advisors Inc. grew its holdings in HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock valued at $31,000 after purchasing an additional 254 shares during the period. Finally, Mount Yale Investment Advisors LLC increased its stake in HDFC Bank by 4.2% in the third 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 in the last quarter. Institutional investors own 17.61% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday.

HDFC Bank Stock Down 1.1 %

Shares of NYSE HDB traded down $0.74 during mid-day trading on Friday, reaching $66.76. 2,688,657 shares of the company's stock were exchanged, compared to its average volume of 2,570,751. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $67.76. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The firm has a market capitalization of $169.06 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.77 and a beta of 0.91. The business has a fifty day simple moving average of $63.34 and a 200 day simple moving average of $61.61.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $4.84 billion. As a group, equities analysts expect that HDFC Bank Limited will post 3.15 EPS for the current fiscal 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.