New York State Common Retirement Fund Has $11.24 Million Holdings in HDFC Bank Limited (NYSE:HDB)

New York State Common Retirement Fund decreased its stake in HDFC Bank Limited (NYSE:HDB) by 32.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 169,159 shares of the bank’s stock after selling 80,200 shares during the quarter. New York State Common Retirement Fund’s holdings in HDFC Bank were worth $11,239,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of HDB. Graney & King LLC bought a new position in shares of HDFC Bank during the fourth quarter valued at $38,000. Brown Brothers Harriman & Co. increased its position in shares of HDFC Bank by 63.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after purchasing an additional 240 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of HDFC Bank during the 1st quarter worth about $55,000. Pinnacle Bancorp Inc. lifted its holdings in HDFC Bank by 109.7% during the 1st quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank’s stock valued at $56,000 after purchasing an additional 443 shares during the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in HDFC Bank in the fourth quarter valued at about $56,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Stock Performance

HDFC Bank stock opened at $75.30 on Friday. The company has a market cap of $190.68 billion, a PE ratio of 22.82, a PEG ratio of 1.88 and a beta of 0.64. The company has a current ratio of 0.07, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. HDFC Bank Limited has a 1 year low of $57.24 and a 1 year high of $78.14. The company’s 50-day moving average is $75.04 and its two-hundred day moving average is $67.67.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. The firm had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $434.68 billion. Equities analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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.

About HDFC Bank

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.