Axiom Investors LLC DE Purchases 21,900 Shares of HDFC Bank Limited $HDB

Key Points

• Axiom Investors LLC DE increased its stake in HDFC Bank Limited by 304.2%, acquiring an additional 21,900 shares to total 29,100 shares valued at approximately $1.93 million.
• Multiple institutional investors showed significant activity, with New Vernon Capital Holdings II LLC purchasing a new stake worth about $1.55 billion, while GQG Partners LLC increased its holdings by 105.5%.
• HDFC Bank recently reported earnings, missing the consensus EPS estimate slightly, and announced a special dividend yield of 101.0% paid to shareholders, reflecting a payout ratio of 19.63%.

Axiom Investors LLC DE lifted its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 304.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 29,100 shares of the bank's stock after acquiring an additional 21,900 shares during the period. Axiom Investors LLC DE's holdings in HDFC Bank were worth $1,933,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. New Vernon Capital Holdings II LLC bought a new position in shares of HDFC Bank in the 1st quarter worth approximately $1,546,956,000. GQG Partners LLC grew its stake in shares of HDFC Bank by 105.5% in the 1st quarter. GQG Partners LLC now owns 16,196,992 shares of the bank's stock worth $1,076,128,000 after buying an additional 8,313,645 shares during the last quarter. Royal Bank of Canada grew its stake in shares of HDFC Bank by 53.5% in the 1st quarter. Royal Bank of Canada now owns 11,214,711 shares of the bank's stock worth $745,107,000 after buying an additional 3,907,637 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of HDFC Bank by 2.1% in the 1st quarter. JPMorgan Chase & Co. now owns 9,616,713 shares of the bank's stock worth $638,934,000 after buying an additional 202,032 shares during the last quarter. Finally, Temasek Holdings Private Ltd grew its stake in shares of HDFC Bank by 3.9% in the 1st quarter. Temasek Holdings Private Ltd now owns 8,895,662 shares of the bank's stock worth $591,028,000 after buying an additional 337,874 shares during the last quarter. Institutional investors own 17.61% of the company's stock.

Analysts Set New Price Targets

HDB has been the topic of several recent research reports. Zacks Research downgraded HDFC Bank from a "hold" rating to a "strong sell" rating in a research note 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 investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

HDFC Bank Trading Up 0.3%

Shares of HDB opened at $35.42 on Tuesday. The business's fifty day simple moving average is $74.25 and its two-hundred day simple moving average is $71.12. HDFC Bank Limited has a 12 month low of $28.89 and a 12 month high of $39.81. The company has a market cap of $90.35 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 1.81 and a beta of 0.63.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its earnings results on Saturday, July 19th. The bank reported $0.74 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.01). HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. The business had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $5.03 billion. As a group, research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, August 20th. Shareholders of record on Thursday, July 31st were paid a dividend of $0.1707 per share. This represents a yield of 101.0%. The ex-dividend date was Thursday, July 31st. HDFC Bank's dividend payout ratio (DPR) is currently 19.63%.

HDFC Bank 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.

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