State Street Corp Purchases 70,071 Shares of HDFC Bank Limited (NYSE:HDB)

State Street Corp increased its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 15.8% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 513,684 shares of the bank's stock after buying an additional 70,071 shares during the period. State Street Corp's holdings in HDFC Bank were worth $32,136,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HDB. Glenmede Trust Co. NA boosted its position in HDFC Bank by 3.6% during the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock worth $301,000 after purchasing an additional 167 shares during the period. Commerce Bank raised its holdings in HDFC Bank by 7.0% during 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. lifted its position in shares of HDFC Bank by 5.4% during the second quarter. UMB Bank n.a. now owns 4,831 shares of the bank's stock worth $311,000 after acquiring an additional 248 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in shares of 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 acquiring an additional 254 shares during the period. Finally, Mount Yale Investment Advisors LLC grew its position in shares of 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.

HDFC Bank Price Performance

NYSE HDB traded down $0.06 on Friday, hitting $64.26. The stock had a trading volume of 2,454,421 shares, compared to its average volume of 3,006,079. The firm has a 50-day moving average of $64.53 and a 200-day moving average of $62.55. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $68.50. The company has a market capitalization of $162.73 billion, a price-to-earnings ratio of 19.53, a price-to-earnings-growth ratio of 1.79 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) 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 company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $4.84 billion. Equities analysts expect that HDFC Bank Limited will post 3.15 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.