Robeco Institutional Asset Management B.V. Raises Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Robeco Institutional Asset Management B.V. grew its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 172.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,380,979 shares of the bank's stock after acquiring an additional 2,140,591 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.13% of HDFC Bank worth $215,909,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Temasek Holdings Private Ltd increased its stake in HDFC Bank by 1.6% during the 3rd quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank's stock valued at $523,453,000 after purchasing an additional 132,445 shares in the last quarter. FMR LLC increased its position in shares of HDFC Bank by 19.3% during the third quarter. FMR LLC now owns 6,878,824 shares of the bank's stock valued at $430,339,000 after acquiring an additional 1,114,210 shares in the last quarter. Franklin Resources Inc. increased its position in shares of HDFC Bank by 9.0% during the third quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank's stock valued at $420,477,000 after acquiring an additional 560,880 shares in the last quarter. Wellington Management Group LLP raised its holdings 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 acquiring an additional 108,312 shares during 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 valued at $302,970,000 after acquiring an additional 51,736 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a report on Wednesday, November 27th. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Nomura upgraded shares of HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Performance

HDB stock traded up $0.12 on Friday, hitting $60.62. The company had a trading volume of 2,024,963 shares, compared to its average volume of 2,741,065. The stock has a market cap of $153.51 billion, a price-to-earnings ratio of 18.43, a P/E/G ratio of 1.64 and a beta of 0.92. The company has a current ratio of 0.09, a quick ratio of 0.53 and a debt-to-equity ratio of 1.26. The stock's 50-day simple moving average is $63.35 and its 200 day simple moving average is $62.35. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $68.50.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. As a group, equities research analysts expect that HDFC Bank Limited will post 3.09 earnings per share 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.