Cooper Investors PTY Ltd. Has $9.33 Million Holdings in HDFC Bank Limited $HDB

Key Points

• Cooper Investors PTY Ltd. reduced its holdings in HDFC Bank by 11.4% in Q2, now owning 121,703 shares valued at approximately $9.33 million, making it the 23rd largest position in their portfolio.
• HDFC Bank recently announced a special dividend of $0.0854 per share, reflecting a notable dividend yield of 101.0%.
• In its latest earnings report, HDFC Bank missed analysts' EPS estimates, reporting $0.37 compared to a projected $0.38, although it exceeded revenue expectations with $5.10 billion.

Cooper Investors PTY Ltd. reduced its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 11.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 121,703 shares of the bank's stock after selling 15,681 shares during the quarter. HDFC Bank makes up 1.7% of Cooper Investors PTY Ltd.'s portfolio, making the stock its 23rd biggest position. Cooper Investors PTY Ltd.'s holdings in HDFC Bank were worth $9,331,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. New Vernon Capital Holdings II LLC acquired a new position in HDFC Bank during the 1st quarter valued at about $1,546,956,000. GQG Partners LLC increased its stake in HDFC Bank by 105.5% during the 1st quarter. GQG Partners LLC now owns 16,196,992 shares of the bank's stock valued at $1,076,128,000 after buying an additional 8,313,645 shares during the period. Royal Bank of Canada increased its stake in HDFC Bank by 53.5% during the 1st quarter. Royal Bank of Canada now owns 11,214,711 shares of the bank's stock valued at $745,107,000 after buying an additional 3,907,637 shares during the period. 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 purchasing 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 purchasing an additional 337,874 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HDB. Wall Street Zen raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Zacks Research lowered shares of HDFC Bank from a "hold" rating to a "strong sell" rating in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

HDFC Bank Trading Down 1.0%

NYSE HDB traded down $0.37 during trading on Monday, reaching $35.08. The company's stock had a trading volume of 3,083,899 shares, compared to its average volume of 4,906,288. HDFC Bank Limited has a 1-year low of $28.89 and a 1-year high of $39.81. The stock has a market capitalization of $178.96 billion, a PE ratio of 21.52, a PEG ratio of 1.82 and a beta of 0.63. The business has a 50-day moving average price of $36.98 and a 200-day moving average price of $36.02.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly 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 during the quarter, compared to the consensus estimate of $5.03 billion. As a group, analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

HDFC Bank Announces Dividend

The business 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 payout ratio is 19.63%.

HDFC Bank Company 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.