HDFC Bank Limited (NYSE:HDB) Shares Purchased by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky grew its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 7.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 255,480 shares of the bank's stock after purchasing an additional 17,060 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in HDFC Bank were worth $16,315,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp increased its position in shares of HDFC Bank by 15.8% in the third quarter. State Street Corp now owns 513,684 shares of the bank's stock worth $32,136,000 after acquiring an additional 70,071 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of HDFC Bank during the third quarter worth about $985,000. Synovus Financial Corp boosted its position in shares of HDFC Bank by 0.8% in the third quarter. Synovus Financial Corp now owns 89,591 shares of the bank's stock worth $5,605,000 after buying an additional 711 shares during the period. Peapack Gladstone Financial Corp purchased a new stake in shares of HDFC Bank during the 3rd quarter valued at about $353,000. Finally, Franklin Resources Inc. boosted its holdings 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 acquiring an additional 560,880 shares during the period. Institutional investors and hedge funds own 17.61% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HDB shares. StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Thursday. Nomura Securities upgraded HDFC Bank from a "hold" rating to a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Nomura upgraded HDFC Bank from a "neutral" rating to a "buy" rating in a research note on Thursday, January 23rd.

HDFC Bank Stock Up 0.2 %

HDFC Bank stock traded up $0.17 during midday trading on Friday, hitting $72.17. The stock had a trading volume of 2,922,107 shares, compared to its average volume of 2,822,608. The business has a fifty day moving average price of $64.31 and a 200 day moving average price of $63.35. HDFC Bank Limited has a 12 month low of $54.99 and a 12 month high of $75.37. The stock has a market cap of $182.76 billion, a P/E ratio of 21.94, a P/E/G ratio of 2.12 and a beta of 0.68. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The firm had revenue of $5.04 billion for the quarter, compared to analysts' expectations of $434.68 billion. Research analysts predict that HDFC Bank Limited will post 3.03 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.