Callan Family Office LLC Purchases 51,162 Shares of HDFC Bank Limited $HDB

Key Points

• Callan Family Office LLC increased its stake in HDFC Bank Limited by 200.8% during the second quarter, acquiring 51,162 shares to own a total of 76,645 shares worth approximately $5.88 million.
• HDFC Bank's recent earnings report showed an EPS of $0.37, falling short of analysts' expectations by $0.01, despite revenue exceeding estimates at $5.10 billion.
• The bank announced a special dividend of $0.0854 per share, resulting in a dividend yield of 101.0%, with a current payout ratio of 19.63%.

Callan Family Office LLC boosted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 200.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,645 shares of the bank's stock after purchasing an additional 51,162 shares during the period. Callan Family Office LLC's holdings in HDFC Bank were worth $5,876,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HDB. Wealth Enhancement Advisory Services LLC grew its stake in HDFC Bank by 37.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,205 shares of the bank's stock worth $396,000 after acquiring an additional 1,691 shares in the last quarter. GAMMA Investing LLC grew its stake in HDFC Bank by 6.8% in the 1st quarter. GAMMA Investing LLC now owns 2,391 shares of the bank's stock worth $159,000 after acquiring an additional 153 shares in the last quarter. SG Americas Securities LLC grew its stake in HDFC Bank by 33.8% in the 1st quarter. SG Americas Securities LLC now owns 17,938 shares of the bank's stock worth $1,192,000 after acquiring an additional 4,528 shares in the last quarter. Handelsbanken Fonder AB bought a new position in HDFC Bank in the 1st quarter worth about $914,000. Finally, Tobam grew its stake in HDFC Bank by 9.4% in the 1st quarter. Tobam now owns 37,651 shares of the bank's stock worth $2,502,000 after acquiring an additional 3,240 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Performance

Shares of HDB opened at $34.82 on Friday. HDFC Bank Limited has a fifty-two week low of $28.89 and a fifty-two week high of $39.81. The company has a 50 day moving average price of $35.78 and a 200-day moving average price of $36.30. The stock has a market capitalization of $177.63 billion, a PE ratio of 21.36, a PEG ratio of 1.84 and a beta of 0.63.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results 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 net margin of 14.49% and a return on equity of 11.60%. The firm had revenue of $5.10 billion for the quarter, compared to analysts' expectations of $5.03 billion. Equities research analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have commented on HDB. Weiss Ratings restated a "hold (c)" rating on shares of HDFC Bank in a research note on Wednesday. Zacks Research upgraded shares of HDFC Bank from a "strong sell" rating to a "hold" rating in a research note on Monday, September 29th. Finally, Wall Street Zen raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. One research 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 stock. According to data from MarketBeat.com, HDFC Bank has an average 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.

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