HDFC Bank Limited (NYSE:HDB) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP raised its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 2.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,069,390 shares of the bank's stock after acquiring an additional 108,312 shares during the period. Wellington Management Group LLP owned approximately 0.20% of HDFC Bank worth $317,141,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Glenmede Trust Co. NA lifted its holdings in HDFC Bank by 3.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock worth $301,000 after buying an additional 167 shares in the last quarter. Commerce Bank increased its position in shares of HDFC Bank by 7.0% during the third quarter. Commerce Bank now owns 3,427 shares of the bank's stock worth $214,000 after acquiring an additional 225 shares during the period. UMB Bank n.a. raised its stake in shares of HDFC Bank by 5.4% in the second quarter. UMB Bank n.a. now owns 4,831 shares of the bank's stock valued at $311,000 after acquiring an additional 248 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted its holdings in HDFC Bank by 104.1% in 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. Finally, Mount Yale Investment Advisors LLC grew its stake in HDFC Bank by 4.2% during the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank's stock worth $399,000 after purchasing an additional 257 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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 Down 0.6 %

NYSE HDB traded down $0.40 during trading on Friday, reaching $67.31. 1,906,029 shares of the company's stock were exchanged, compared to its average volume of 2,983,853. The company has a 50 day moving average price of $63.48 and a two-hundred day moving average price of $61.95. The stock has a market cap of $170.45 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.80 and a beta of 0.92. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $68.41. 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 (NYSE:HDB - Get Free Report) last posted its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.09. The firm had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $4.84 billion. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. On average, equities research analysts anticipate that HDFC Bank Limited will post 3.15 EPS 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.