BNP Paribas Arbitrage SA Has $5.85 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

BNP Paribas Arbitrage SA trimmed its stake in shares of HDFC Bank Limited (NYSE:HDB) by 6.7% during the second quarter, Holdings Channel reports. The firm owned 80,000 shares of the bank’s stock after selling 5,705 shares during the period. BNP Paribas Arbitrage SA’s holdings in HDFC Bank were worth $5,850,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HDB. WCM Investment Management LLC boosted its holdings in shares of HDFC Bank by 3.1% in the 1st quarter. WCM Investment Management LLC now owns 35,806,398 shares of the bank’s stock worth $2,781,799,000 after acquiring an additional 1,063,713 shares in the last quarter. Vontobel Holding Ltd. boosted its holdings in shares of HDFC Bank by 7.0% in the 1st quarter. Vontobel Holding Ltd. now owns 22,585,937 shares of the bank’s stock worth $1,754,701,000 after acquiring an additional 1,478,010 shares in the last quarter. Morgan Stanley boosted its holdings in shares of HDFC Bank by 4.7% in the 1st quarter. Morgan Stanley now owns 17,567,109 shares of the bank’s stock worth $1,364,790,000 after acquiring an additional 785,382 shares in the last quarter. FIL Ltd boosted its holdings in shares of HDFC Bank by 17.5% in the 1st quarter. FIL Ltd now owns 8,960,209 shares of the bank’s stock worth $696,118,000 after acquiring an additional 1,333,013 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in shares of HDFC Bank by 7.8% in the 1st quarter. Schroder Investment Management Group now owns 8,136,562 shares of the bank’s stock worth $632,130,000 after acquiring an additional 590,046 shares in the last quarter. 17.54% of the stock is currently owned by institutional investors.

HDB stock opened at $72.73 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.39 and a quick ratio of 0.39. The company has a 50 day moving average price of $74.42 and a 200 day moving average price of $74.59. HDFC Bank Limited has a fifty-two week low of $46.62 and a fifty-two week high of $84.70. The stock has a market capitalization of $133.65 billion, a PE ratio of 30.30, a price-to-earnings-growth ratio of 1.28 and a beta of 0.77.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Sunday, July 18th. The bank reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.02. HDFC Bank had a net margin of 20.64% and a return on equity of 15.71%. The firm had revenue of $3.35 billion during the quarter. As a group, equities analysts expect that HDFC Bank Limited will post 2.72 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Monday, August 30th.

HDFC Bank Company Profile

HDFC Bank Ltd. engages in the provision of banking and financial services, including commercial banking and treasury operations. The firm also provides financial services to upper and middle income individuals and corporations in India. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking and Other Banking Operations.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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