Edmond DE Rothschild Holding S.A. Makes New $332,000 Investment in HDFC Bank Limited $HDB

Key Points

• Edmond DE Rothschild Holding S.A. purchased 5,000 shares of HDFC Bank Limited for approximately $332,000, marking its entry into the bank's stock in Q1.
• Significant increases in holdings were reported by other hedge funds, including GQG Partners LLC, which raised its stake by 105.5% to 16.2 million shares valued at over $1 billion.
• HDFC Bank recently disclosed a special dividend with a yield of 101.0%, showing strong returns to its shareholders amidst fluctuations in its stock ratings.

Edmond DE Rothschild Holding S.A. bought a new stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 5,000 shares of the bank's stock, valued at approximately $332,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Larson Financial Group LLC lifted its position in shares of HDFC Bank by 1,217.1% in the first quarter. Larson Financial Group LLC now owns 461 shares of the bank's stock worth $31,000 after buying an additional 426 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in HDFC Bank by 448.7% during the first quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank's stock worth $41,000 after purchasing an additional 507 shares during the period. NBC Securities Inc. bought a new position in shares of HDFC Bank in the first quarter valued at approximately $55,000. Pinnacle Bancorp Inc. boosted its holdings in shares of HDFC Bank by 109.7% during the 1st quarter. Pinnacle Bancorp Inc. now owns 847 shares of the bank's stock worth $56,000 after buying an additional 443 shares during the period. Finally, Rakuten Securities Inc. grew its stake in HDFC Bank by 233.0% in the 1st quarter. Rakuten Securities Inc. now owns 899 shares of the bank's stock valued at $60,000 after buying an additional 629 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

HDFC Bank Stock Performance

Shares of HDB stock traded up $0.21 during trading hours on Thursday, hitting $35.43. The company had a trading volume of 647,017 shares, compared to its average volume of 4,955,087. HDFC Bank Limited has a 12 month low of $28.89 and a 12 month high of $39.81. The firm's fifty day moving average is $37.36 and its 200 day moving average is $35.68. The firm has a market capitalization of $180.72 billion, a price-to-earnings ratio of 21.74, a PEG ratio of 1.80 and a beta of 0.63.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.03 billion. HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. On average, sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, August 20th. Investors of record on Thursday, July 31st were issued a dividend of $0.0854 per share. This represents a yield of 101.0%. The ex-dividend date of this dividend was Thursday, July 31st. HDFC Bank's dividend payout ratio (DPR) is currently 9.82%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HDB. Zacks Research downgraded HDFC Bank from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. Wall Street Zen upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. One research 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

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.