UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 3,262,442 Shares of HDFC Bank Limited (NYSE:HDB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 2,092.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,418,328 shares of the bank's stock after buying an additional 3,262,442 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.13% of HDFC Bank worth $213,851,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. MayTech Global Investments LLC raised its stake in HDFC Bank by 21.1% during the 3rd quarter. MayTech Global Investments LLC now owns 164,311 shares of the bank's stock valued at $10,279,000 after buying an additional 28,579 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of HDFC Bank in the 3rd quarter worth $65,000. Glenmede Trust Co. NA increased its stake in shares of HDFC Bank by 3.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank's stock worth $301,000 after purchasing an additional 167 shares in the last quarter. Townsquare Capital LLC increased its stake in shares of HDFC Bank by 20.2% in the 3rd quarter. Townsquare Capital LLC now owns 62,890 shares of the bank's stock worth $3,934,000 after purchasing an additional 10,561 shares in the last quarter. Finally, Quantbot Technologies LP increased its stake in shares of HDFC Bank by 46.2% in the 3rd quarter. Quantbot Technologies LP now owns 24,747 shares of the bank's stock worth $1,548,000 after purchasing an additional 7,825 shares in the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday.

HDFC Bank Stock Performance

Shares of NYSE:HDB traded down $0.74 during midday trading on Friday, hitting $66.76. The company had a trading volume of 2,688,657 shares, compared to its average volume of 2,570,751. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.53 and a quick ratio of 0.53. The company has a market cap of $169.06 billion, a price-to-earnings ratio of 20.29, a PEG ratio of 1.77 and a beta of 0.91. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $67.76. The company has a fifty day moving average of $63.34 and a two-hundred day moving average of $61.57.

HDFC Bank (NYSE:HDB - Get Free Report) last issued 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 company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, equities research analysts expect that HDFC Bank Limited will post 3.15 EPS for the current fiscal year.

HDFC Bank 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.