HDFC Bank Limited $HDB Shares Purchased by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in HDFC Bank by 112.2%, acquiring an additional 4,730 shares in the first quarter, bringing its total ownership to 8,947 shares valued at approximately $594,000.
• HDFC Bank recently reported a quarterly EPS of $0.74, missing the consensus estimate by $0.01, despite achieving revenue of $5.10 billion, exceeding analyst expectations.
• The bank declared a special dividend of $0.1707 per share, yielding 101.0%, with a dividend payout ratio of 19.63% as of July 31.

Focus Partners Advisor Solutions LLC raised its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 112.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,947 shares of the bank's stock after acquiring an additional 4,730 shares during the quarter. Focus Partners Advisor Solutions LLC's holdings in HDFC Bank were worth $594,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada increased its holdings in shares of HDFC Bank by 53.5% in the first quarter. Royal Bank of Canada now owns 11,214,711 shares of the bank's stock valued at $745,107,000 after purchasing an additional 3,907,637 shares during the last quarter. Graham Capital Management L.P. boosted its position in shares of HDFC Bank by 33.7% during the first quarter. Graham Capital Management L.P. now owns 12,372 shares of the bank's stock worth $822,000 after buying an additional 3,115 shares during the period. Baird Financial Group Inc. boosted its position in shares of HDFC Bank by 6.4% during the first quarter. Baird Financial Group Inc. now owns 1,020,428 shares of the bank's stock worth $67,797,000 after buying an additional 61,633 shares during the period. Immersion Capital LLP purchased a new position in shares of HDFC Bank during the first quarter worth $19,753,000. Finally, Vident Advisory LLC boosted its holdings in HDFC Bank by 30.8% in the first quarter. Vident Advisory LLC now owns 68,677 shares of the bank's stock valued at $4,563,000 after purchasing an additional 16,187 shares during the period. Institutional investors and hedge funds own 17.61% of the company's stock.

Analysts Set New Price Targets

HDB has been the subject of a number of recent research reports. Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Zacks Research cut HDFC Bank from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. 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 company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

HDFC Bank Price Performance

Shares of HDB traded down $0.04 during midday trading on Friday, reaching $70.61. 1,718,612 shares of the stock were exchanged, compared to its average volume of 1,664,295. The business's 50-day moving average price is $75.07 and its 200 day moving average price is $71.21. HDFC Bank Limited has a twelve month low of $57.78 and a twelve month high of $79.61. The company has a market capitalization of $180.09 billion, a price-to-earnings ratio of 21.66, a PEG ratio of 1.81 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 $0.74 EPS for the quarter, missing analysts' consensus estimates of $0.75 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. As a group, equities research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

HDFC Bank Announces Dividend

The business also recently declared a special dividend, which was paid on Wednesday, August 20th. Investors of record on Thursday, July 31st were given a $0.1707 dividend. This represents a yield of 101.0%. The ex-dividend date was Thursday, July 31st. 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.