Sumitomo Mitsui Trust Group Inc. Acquires 134,167 Shares of HDFC Bank Limited (NYSE:HDB)

Sumitomo Mitsui Trust Group Inc. lifted its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 11.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,326,149 shares of the bank's stock after acquiring an additional 134,167 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned approximately 0.05% of HDFC Bank worth $84,688,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Temasek Holdings Private Ltd lifted its position in shares of HDFC Bank by 1.6% in the 3rd quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank's stock valued at $523,453,000 after acquiring an additional 132,445 shares in the last quarter. FMR LLC lifted its position in HDFC Bank by 19.3% in the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank's stock worth $430,339,000 after buying an additional 1,114,210 shares in the last quarter. Franklin Resources Inc. lifted its position in HDFC Bank by 9.0% in the 3rd quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank's stock worth $420,477,000 after buying an additional 560,880 shares in the last quarter. Wellington Management Group LLP lifted its position in HDFC Bank by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank's stock worth $317,141,000 after buying an additional 108,312 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in HDFC Bank by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank's stock worth $302,970,000 after buying an additional 51,736 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Down 0.6 %

Shares of HDFC Bank stock traded down $0.39 during midday trading on Wednesday, reaching $60.29. 2,973,087 shares of the company's stock traded hands, compared to its average volume of 2,663,121. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $68.50. The company's 50 day simple moving average is $62.52 and its 200 day simple moving average is $62.41. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The company has a market cap of $152.67 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.70 and a beta of 0.91.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Equities analysts expect that HDFC Bank Limited will post 3.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HDB. Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research report on Thursday, January 23rd. StockNews.com downgraded shares of HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Finally, Nomura Securities upgraded shares of HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.

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.