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) by 35.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 238,420 shares of the bank’s stock after buying an additional 62,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in HDFC Bank were worth $14,916,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HDB. Glenmede Trust Co. NA boosted its stake in shares of HDFC Bank by 3.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock worth $301,000 after acquiring an additional 167 shares in the last quarter. Commerce Bank increased its stake in HDFC Bank by 7.0% in the 3rd quarter. Commerce Bank now owns 3,427 shares of the bank’s stock worth $214,000 after purchasing an additional 225 shares in the last quarter. UMB Bank n.a. increased its stake in HDFC Bank by 5.4% in the 2nd quarter. UMB Bank n.a. now owns 4,831 shares of the bank’s stock worth $311,000 after purchasing an additional 248 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its holdings in HDFC Bank by 104.1% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock worth $31,000 after buying an additional 254 shares during the period. Finally, Mount Yale Investment Advisors LLC lifted its stake in HDFC Bank by 4.2% during the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock valued at $399,000 after buying an additional 257 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th.

HDFC Bank Trading Down 0.4 %

NYSE:HDB opened at $67.42 on Thursday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The company has a market capitalization of $170.72 billion, a P/E ratio of 20.49, a P/E/G ratio of 1.79 and a beta of 0.92. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $68.50. The stock’s 50 day moving average price is $63.70 and its 200 day moving average price is $62.14.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $4.84 billion. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. On average, research analysts forecast 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.