HDFC Bank Limited (NYSE:HDB) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. grew its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 0.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 2,270,991 shares of the bank's stock after acquiring an additional 10,154 shares during the quarter. Royal London Asset Management Ltd. owned about 0.09% of HDFC Bank worth $142,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Pin Oak Investment Advisors Inc. lifted its position in HDFC Bank by 104.1% in the third quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank's stock worth $31,000 after buying an additional 254 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of HDFC Bank during the second quarter worth $36,000. Northwest Investment Counselors LLC bought a new stake in shares of HDFC Bank during the third quarter worth $38,000. JFS Wealth Advisors LLC lifted its position in shares of HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock worth $42,000 after purchasing an additional 275 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of HDFC Bank by 56.0% during the second quarter. GAMMA Investing LLC now owns 903 shares of the bank's stock worth $58,000 after purchasing an additional 324 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

HDFC Bank Stock Up 0.3 %

Shares of HDFC Bank stock traded up $0.21 during trading on Thursday, hitting $67.89. 747,694 shares of the stock traded hands, compared to its average volume of 3,010,692. The firm has a market cap of $171.92 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. 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 Limited has a 52-week low of $52.16 and a 52-week high of $68.41. The stock's fifty day simple moving average is $63.39 and its 200 day simple moving average is $61.79.

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

HDFC Bank Company 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.