HDFC Bank Limited $HDB Shares Sold by DSM Capital Partners LLC

DSM Capital Partners LLC decreased its stake in HDFC Bank Limited (NYSE:HDB) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,905 shares of the bank’s stock after selling 1,090 shares during the period. DSM Capital Partners LLC’s holdings in HDFC Bank were worth $5,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HDB. New Vernon Capital Holdings II LLC acquired a new stake in shares of HDFC Bank in the first quarter valued at about $1,546,956,000. GQG Partners LLC lifted its stake in shares of HDFC Bank by 105.5% in the first quarter. GQG Partners LLC now owns 16,196,992 shares of the bank’s stock valued at $1,076,128,000 after purchasing an additional 8,313,645 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of HDFC Bank by 6,502.2% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,868,259 shares of the bank’s stock valued at $389,887,000 after purchasing an additional 5,779,375 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in shares of HDFC Bank by 3,715.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 4,199,717 shares of the bank’s stock valued at $279,029,000 after purchasing an additional 4,089,647 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of HDFC Bank by 53.5% in the first quarter. Royal Bank of Canada now owns 11,214,711 shares of the bank’s stock valued at $745,107,000 after purchasing an additional 3,907,637 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Trading Up 0.1%

Shares of HDB opened at $34.82 on Friday. The stock has a market cap of $177.63 billion, a P/E ratio of 21.36, a PEG ratio of 1.84 and a beta of 0.63. The company has a 50-day moving average of $35.78 and a two-hundred day moving average of $36.30. HDFC Bank Limited has a 12-month low of $28.89 and a 12-month high of $39.81.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data on Saturday, July 19th. The bank reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.03 billion. HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. As a group, analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, August 20th. Stockholders of record on Thursday, July 31st were given a $0.0854 dividend. This represents a dividend yield of 101.0%. The ex-dividend date of this dividend was Thursday, July 31st. HDFC Bank’s payout ratio is currently 19.63%.

Analyst Upgrades and Downgrades

HDB has been the subject of a number of research reports. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of HDFC Bank in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.