Virtu Financial LLC Purchases New Stake in HDFC Bank Limited (NYSE:HDB)

Virtu Financial LLC bought a new position in HDFC Bank Limited (NYSE:HDB - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,753 shares of the bank's stock, valued at approximately $985,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of HDFC Bank by 10.9% during the first quarter. Vanguard Group Inc. now owns 122,023 shares of the bank's stock worth $6,830,000 after buying an additional 12,037 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of HDFC Bank by 25.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,272,932 shares of the bank's stock worth $81,888,000 after purchasing an additional 259,587 shares during the last quarter. Raymond James & Associates increased its stake in shares of HDFC Bank by 17.5% in the second quarter. Raymond James & Associates now owns 573,144 shares of the bank's stock valued at $36,870,000 after buying an additional 85,279 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of HDFC Bank by 7.3% in the second quarter. Nisa Investment Advisors LLC now owns 211,913 shares of the bank's stock valued at $13,632,000 after buying an additional 14,500 shares during the last quarter. Finally, LRI Investments LLC lifted its position in HDFC Bank by 124.3% during the 2nd quarter. LRI Investments LLC now owns 2,243 shares of the bank's stock worth $144,000 after buying an additional 1,243 shares in the last quarter. Institutional investors own 17.61% of the company's stock.

HDFC Bank Trading Up 0.6 %

Shares of HDB stock traded up $0.38 on Friday, reaching $67.00. The company had a trading volume of 2,005,780 shares, compared to its average volume of 3,002,899. The stock has a market cap of $169.66 billion, a PE ratio of 20.36, a PEG ratio of 1.79 and a beta of 0.92. The company has a 50-day moving average of $64.05 and a 200-day moving average of $62.27. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. 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 announced its quarterly earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.09. HDFC Bank had a return on equity of 12.49% and a net margin of 14.48%. The company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $4.84 billion. On average, equities analysts forecast that HDFC Bank Limited will post 3.15 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered HDFC Bank from a "hold" rating to a "sell" rating in a research report on Wednesday, November 27th.

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.