HDFC Bank Limited (NYSE:HDB) Shares Acquired 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 20.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 176,420 shares of the bank’s stock after acquiring an additional 30,500 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in HDFC Bank were worth $9,874,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Royal London Asset Management Ltd. lifted its holdings in shares of HDFC Bank by 234.1% during the fourth quarter. Royal London Asset Management Ltd. now owns 6,690,063 shares of the bank’s stock worth $448,970,000 after purchasing an additional 4,687,487 shares during the period. Capital World Investors lifted its holdings in shares of HDFC Bank by 208.6% during the first quarter. Capital World Investors now owns 4,124,751 shares of the bank’s stock worth $230,862,000 after purchasing an additional 2,788,197 shares during the period. Harding Loevner LP lifted its holdings in shares of HDFC Bank by 31.7% during the fourth quarter. Harding Loevner LP now owns 9,456,666 shares of the bank’s stock worth $621,646,000 after purchasing an additional 2,276,203 shares during the period. Brown Advisory Inc. lifted its holdings in shares of HDFC Bank by 82.9% during the fourth quarter. Brown Advisory Inc. now owns 4,589,266 shares of the bank’s stock worth $307,986,000 after purchasing an additional 2,079,942 shares during the period. Finally, Hardman Johnston Global Advisors LLC lifted its holdings in shares of HDFC Bank by 832.6% during the fourth quarter. Hardman Johnston Global Advisors LLC now owns 2,032,170 shares of the bank’s stock worth $136,379,000 after purchasing an additional 1,814,263 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on HDB shares. JPMorgan Chase & Co. downgraded HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th.

HDFC Bank Price Performance

NYSE:HDB traded down $0.51 during trading hours on Friday, hitting $60.00. The company’s stock had a trading volume of 6,479,249 shares, compared to its average volume of 2,431,621. The business’s 50-day moving average is $60.98 and its two-hundred day moving average is $57.77. The company has a market capitalization of $111.59 billion, a PE ratio of 18.40, a PEG ratio of 1.66 and a beta of 0.93. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.51 and a current ratio of 0.51. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $67.54.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.27. The firm had revenue of $14.03 billion during the quarter, compared to analysts’ expectations of $4.81 billion. HDFC Bank had a return on equity of 12.64% and a net margin of 14.69%. As a group, research analysts anticipate that HDFC Bank Limited will post 2.88 EPS for the current fiscal year.

HDFC Bank Company 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.