Handelsbanken Fonder AB Makes New $914,000 Investment in HDFC Bank Limited (NYSE:HDB)

Handelsbanken Fonder AB bought a new stake in HDFC Bank Limited (NYSE:HDB) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,750 shares of the bank’s stock, valued at approximately $914,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. SG Americas Securities LLC increased its position in HDFC Bank by 33.8% during the first quarter. SG Americas Securities LLC now owns 17,938 shares of the bank’s stock worth $1,192,000 after buying an additional 4,528 shares during the period. GAMMA Investing LLC raised its position in HDFC Bank by 6.8% in the 1st quarter. GAMMA Investing LLC now owns 2,391 shares of the bank’s stock valued at $159,000 after purchasing an additional 153 shares during the last quarter. Portside Wealth Group LLC boosted its stake in HDFC Bank by 2.7% during the 1st quarter. Portside Wealth Group LLC now owns 9,014 shares of the bank’s stock worth $599,000 after purchasing an additional 241 shares during the period. E. Ohman J or Asset Management AB boosted its stake in HDFC Bank by 7.9% during the 1st quarter. E. Ohman J or Asset Management AB now owns 123,600 shares of the bank’s stock worth $8,212,000 after purchasing an additional 9,000 shares during the period. Finally, Naples Global Advisors LLC grew its position in HDFC Bank by 5.4% during the 1st quarter. Naples Global Advisors LLC now owns 28,889 shares of the bank’s stock worth $1,919,000 after purchasing an additional 1,475 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Trading Down 2.7%

NYSE:HDB opened at $73.82 on Monday. HDFC Bank Limited has a 12-month low of $57.24 and a 12-month high of $77.76. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock’s 50 day simple moving average is $72.50 and its 200-day simple moving average is $65.99. The firm has a market cap of $186.92 billion, a P/E ratio of 22.44, a PEG ratio of 2.12 and a beta of 0.64.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. The company had revenue of $5.04 billion for the quarter, compared to analysts’ expectations of $434.68 billion. Equities analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Wednesday, May 14th.

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.