HDFC Bank Limited (NYSE:HDB) Shares Acquired by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky increased its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 35.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 238,420 shares of the bank's stock after acquiring an additional 62,000 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in HDFC Bank were worth $14,916,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. increased its position in shares of HDFC Bank by 104.1% during the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock worth $31,000 after acquiring an additional 254 shares during the last quarter. Ridgewood Investments LLC purchased a new stake in HDFC Bank during the 2nd quarter worth approximately $36,000. Northwest Investment Counselors LLC purchased a new stake in HDFC Bank during the 3rd quarter worth approximately $38,000. JFS Wealth Advisors LLC raised 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 in the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of HDFC Bank during the 3rd quarter valued at approximately $65,000. Institutional investors and hedge funds own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th.

HDFC Bank Trading Down 0.4 %

Shares of NYSE HDB opened at $67.42 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. The stock's 50 day moving average price is $63.70 and its two-hundred day moving average price is $62.14. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $68.50. The stock has a market capitalization of $170.72 billion, a P/E ratio of 20.49, a PEG ratio of 1.79 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 EPS for the quarter, beating the consensus estimate of $0.76 by $0.09. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, analysts anticipate that HDFC Bank Limited will post 3.15 earnings per share for the current fiscal 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.

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