Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 24,448 Shares of HDFC Bank Limited (NYSE:HDB)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,843 shares of the bank's stock after buying an additional 24,448 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in HDFC Bank were worth $17,807,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HDB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in HDFC Bank by 2,092.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,418,328 shares of the bank's stock valued at $213,851,000 after purchasing an additional 3,262,442 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in shares of HDFC Bank by 172.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 3,380,979 shares of the bank's stock worth $215,909,000 after buying an additional 2,140,591 shares in the last quarter. Egerton Capital UK LLP purchased a new stake in shares of HDFC Bank during the fourth quarter valued at approximately $72,833,000. FMR LLC increased its position in shares of HDFC Bank by 19.3% during the third quarter. FMR LLC now owns 6,878,824 shares of the bank's stock valued at $430,339,000 after acquiring an additional 1,114,210 shares in the last quarter. Finally, DJE Kapital AG purchased a new position in HDFC Bank in the 4th quarter worth approximately $54,055,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have commented on the company. StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Performance

NYSE:HDB traded up $0.10 during trading hours on Tuesday, reaching $65.90. The company had a trading volume of 2,773,555 shares, compared to its average volume of 2,527,772. The firm has a market cap of $166.88 billion, a price-to-earnings ratio of 20.03, a PEG ratio of 2.12 and a beta of 0.92. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The firm's 50 day moving average price is $60.41 and its 200-day moving average price is $62.52. HDFC Bank Limited has a 52 week low of $54.07 and a 52 week high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping 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%. On average, analysts forecast that HDFC Bank Limited will post 3.03 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.