Comerica Bank raised its position in HDFC Bank Limited (NYSE:HDB – Get Rating) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,912 shares of the bank's stock after purchasing an additional 2,154 shares during the period. Comerica Bank's holdings in HDFC Bank were worth $2,533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GQG Partners LLC lifted its holdings in shares of HDFC Bank by 1,376.7% during the 2nd quarter. GQG Partners LLC now owns 12,417,079 shares of the bank's stock worth $682,892,000 after acquiring an additional 11,576,234 shares during the period. Fiera Capital Corp lifted its holdings in shares of HDFC Bank by 8.7% during the 2nd quarter. Fiera Capital Corp now owns 9,935,863 shares of the bank's stock worth $546,075,000 after acquiring an additional 793,115 shares during the period. FMR LLC lifted its holdings in shares of HDFC Bank by 1.5% during the 2nd quarter. FMR LLC now owns 7,587,089 shares of the bank's stock worth $416,987,000 after acquiring an additional 115,239 shares during the period. Invesco Ltd. lifted its holdings in shares of HDFC Bank by 8.6% during the 1st quarter. Invesco Ltd. now owns 5,103,748 shares of the bank's stock worth $313,012,000 after acquiring an additional 402,245 shares during the period. Finally, BlackRock Inc. lifted its holdings in shares of HDFC Bank by 57.1% during the 1st quarter. BlackRock Inc. now owns 4,838,182 shares of the bank's stock worth $296,725,000 after acquiring an additional 1,757,638 shares during the period. 17.50% of the stock is currently owned by hedge funds and other institutional investors.

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HDFC Bank Stock Down 0.8 %

HDB opened at $67.00 on Wednesday. The firm has a 50 day moving average price of $68.11 and a 200 day moving average price of $63.58. The company has a market cap of $123.85 billion, a PE ratio of 22.95, a price-to-earnings-growth ratio of 1.25 and a beta of 0.80. HDFC Bank Limited has a 1 year low of $50.61 and a 1 year high of $71.53. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.35 and a current ratio of 0.35.

HDFC Bank (NYSE:HDB – Get Rating) last posted its earnings results on Monday, October 17th. The bank reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.05. The firm had revenue of $3.87 billion during the quarter, compared to the consensus estimate of $3.60 billion. HDFC Bank had a net margin of 23.11% and a return on equity of 16.60%. Sell-side analysts expect that HDFC Bank Limited will post 2.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of HDFC Bank in a report on Wednesday, October 12th. They set a "hold" rating on the stock.

HDFC Bank Company Profile

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HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company 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, overdrafts against fixed deposits, and sweep-in facilities.

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