KBC Group NV Raises Position in HDFC Bank Limited (NYSE:HDB)

KBC Group NV lifted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 22.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 133,247 shares of the bank's stock after acquiring an additional 24,088 shares during the quarter. KBC Group NV's holdings in HDFC Bank were worth $8,509,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HDB. Pin Oak Investment Advisors Inc. grew 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. Northwest Investment Counselors LLC purchased a new position in shares of HDFC Bank during the 3rd quarter valued at approximately $38,000. JFS Wealth Advisors LLC grew its stake in 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 acquiring an additional 275 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in HDFC Bank in the 3rd quarter worth $65,000. Finally, GAMMA Investing LLC lifted its holdings in HDFC Bank by 34.6% during the third quarter. GAMMA Investing LLC now owns 1,215 shares of the bank's stock valued at $76,000 after purchasing an additional 312 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. 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 HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th. Finally, Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a research report on Thursday, January 23rd.

HDFC Bank Price Performance

HDB stock traded up $0.85 during mid-day trading on Thursday, reaching $60.42. The company's stock had a trading volume of 806,181 shares, compared to its average volume of 2,924,895. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The company's 50 day moving average is $63.49 and its two-hundred day moving average is $62.36. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $68.50. The stock has a market cap of $153.00 billion, a PE ratio of 18.38, a P/E/G ratio of 1.73 and a beta of 0.92.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 11.78% and a net margin of 14.64%. Equities research analysts expect that HDFC Bank Limited will post 3.13 EPS for the current 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.