Amundi decreased its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 17.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 188,605 shares of the bank's stock after selling 39,356 shares during the quarter. Amundi's holdings in HDFC Bank were worth $12,629,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. GAMMA Investing LLC grew its holdings in HDFC Bank by 6.8% during the 1st quarter. GAMMA Investing LLC now owns 2,391 shares of the bank's stock valued at $159,000 after buying an additional 153 shares in the last quarter. DMC Group LLC grew its stake in HDFC Bank by 2.5% during the 1st quarter. DMC Group LLC now owns 7,418 shares of the bank's stock valued at $493,000 after purchasing an additional 181 shares during the last quarter. Platform Technology Partners lifted its holdings in shares of HDFC Bank by 2.7% in the 1st quarter. Platform Technology Partners now owns 7,644 shares of the bank's stock valued at $508,000 after buying an additional 201 shares during the period. Portside Wealth Group LLC raised its holdings in HDFC Bank by 2.7% in 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. Finally, Ieq Capital LLC raised its holdings in shares of HDFC Bank by 7.1% during the first quarter. Ieq Capital LLC now owns 4,456 shares of the bank's stock valued at $296,000 after acquiring an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.
HDFC Bank Stock Performance
HDB stock traded down $0.03 on Monday, reaching $35.04. The company had a trading volume of 3,622,270 shares, compared to its average volume of 3,153,940. HDFC Bank Limited has a 1 year low of $28.89 and a 1 year high of $39.81. The company has a market cap of $178.78 billion, a P/E ratio of 21.50, a PEG ratio of 1.80 and a beta of 0.63. The company's fifty day moving average is $37.19 and its 200 day moving average is $35.86.
HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings data on Saturday, July 19th. The bank reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.38 by ($0.01). HDFC Bank had a return on equity of 11.60% and a net margin of 14.49%.The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.03 billion. On average, sell-side analysts predict that HDFC Bank Limited will post 3.03 earnings per share for the current year.
HDFC Bank Announces Dividend
The firm also recently declared a special dividend, which was paid on Wednesday, August 20th. Stockholders of record on Thursday, July 31st were issued a dividend of $0.0854 per share. 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 19.63%.
Wall Street Analyst Weigh In
HDB has been the subject of several analyst reports. Zacks Research lowered HDFC Bank from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy".
View Our Latest Report on HDFC Bank
About HDFC Bank
(
Free Report)
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.
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