HDFC Bank Limited (NYSE:HDB) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. boosted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 56.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,933 shares of the bank's stock after buying an additional 14,474 shares during the period. Blue Trust Inc.'s holdings in HDFC Bank were worth $2,498,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HDB. Pin Oak Investment Advisors Inc. raised its position 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. Northwest Investment Counselors LLC purchased a new stake in HDFC Bank during the third quarter valued at approximately $38,000. JFS Wealth Advisors LLC raised its position in HDFC Bank by 70.2% during the third 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. RPg Family Wealth Advisory LLC purchased a new stake in HDFC Bank during the third quarter valued at approximately $65,000. Finally, GAMMA Investing LLC raised its position in HDFC Bank by 34.6% during the third 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.

Analyst Ratings Changes

HDB has been the topic of several recent analyst reports. Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a report on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th.

HDFC Bank Trading Up 2.8 %

Shares of NYSE HDB traded up $1.65 during midday trading on Tuesday, hitting $60.37. The company's stock had a trading volume of 2,407,609 shares, compared to its average volume of 3,135,815. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $68.50. The firm has a market cap of $152.87 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 1.73 and a beta of 0.92. The business's 50 day moving average is $63.62 and its two-hundred day moving average is $62.38. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 11.78% and a net margin of 14.64%. As a group, equities research analysts expect that HDFC Bank Limited will post 3.13 EPS 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.