Jump Financial LLC Sells 101,658 Shares of HDFC Bank Limited $HDB

Key Points

• Jump Financial LLC has significantly reduced its stake in HDFC Bank by 77.2%, selling over 101,000 shares this quarter, resulting in holdings valued at approximately $1.996 million.
• HDFC Bank recently reported earnings of $0.74 EPS, falling short of analysts' expectations of $0.75, despite a revenue beat of $5.10 billion.
• The bank's stock opened at $72.34 and is currently down 0.5%, with institutional investors holding 17.61% of the company's stock.

Jump Financial LLC lowered its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 77.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,042 shares of the bank's stock after selling 101,658 shares during the period. Jump Financial LLC's holdings in HDFC Bank were worth $1,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HDB. Bank Pictet & Cie Europe AG boosted its position in shares of HDFC Bank by 451.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,490 shares of the bank's stock worth $1,245,000 after purchasing an additional 15,955 shares in the last quarter. First Trust Advisors LP boosted its holdings in HDFC Bank by 111.7% in the fourth quarter. First Trust Advisors LP now owns 39,109 shares of the bank's stock worth $2,498,000 after acquiring an additional 20,633 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of HDFC Bank by 94.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,059,154 shares of the bank's stock valued at $67,638,000 after acquiring an additional 513,202 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in HDFC Bank in the 4th quarter worth about $580,000. Finally, The Manufacturers Life Insurance Company increased its stake in HDFC Bank by 3.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 266,600 shares of the bank's stock valued at $17,025,000 after purchasing an additional 9,084 shares in the last quarter. Institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Up 0.1%

Shares of HDFC Bank stock traded up $0.06 during trading hours on Monday, reaching $71.18. 1,483,029 shares of the stock traded hands, compared to its average volume of 1,605,009. The company has a 50 day moving average price of $75.62 and a 200 day moving average price of $70.93. HDFC Bank Limited has a one year low of $57.78 and a one year high of $79.61. The firm has a market capitalization of $181.56 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 1.82 and a beta of 0.63.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings results on Saturday, July 19th. The bank reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). HDFC Bank had a return on equity of 11.60% and a net margin of 14.49%.The business had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $5.03 billion. Sell-side analysts anticipate that HDFC Bank Limited will post 3.03 earnings per share for the current year.

HDFC Bank Announces Dividend

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

Analyst Ratings Changes

Separately, Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Strong 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.