Diversified Trust Co Grows Position in HDFC Bank Limited $HDB

Key Points

• Diversified Trust Co increased its position in HDFC Bank Limited by 593.7% in the second quarter, owning 22,329 shares valued at approximately $1.7 million.
• HDFC Bank reported a quarterly EPS of $0.37, missing the consensus estimate of $0.38, while its revenue reached $5.1 billion, surpassing estimates.
• The bank declared a special dividend of $0.0854, representing a yield of 101%, with a payout ratio of 19.63%.

Diversified Trust Co boosted its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 593.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,329 shares of the bank's stock after acquiring an additional 19,110 shares during the quarter. Diversified Trust Co's holdings in HDFC Bank were worth $1,712,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of HDFC Bank by 6.8% during the first quarter. GAMMA Investing LLC now owns 2,391 shares of the bank's stock valued at $159,000 after buying an additional 153 shares during the last quarter. DMC Group LLC boosted its stake in shares of HDFC Bank by 2.5% during the first quarter. DMC Group LLC now owns 7,418 shares of the bank's stock valued at $493,000 after purchasing an additional 181 shares in the last quarter. Platform Technology Partners raised its stake in HDFC Bank by 2.7% in the first quarter. Platform Technology Partners now owns 7,644 shares of the bank's stock worth $508,000 after buying an additional 201 shares in the last quarter. Portside Wealth Group LLC lifted its stake in shares of HDFC Bank by 2.7% during the 1st quarter. Portside Wealth Group LLC now owns 9,014 shares of the bank's stock worth $599,000 after purchasing an additional 241 shares during the last quarter. Finally, Ieq Capital LLC boosted its position in HDFC Bank by 7.1% during the first quarter. Ieq Capital LLC now owns 4,456 shares of the bank's stock valued at $296,000 after purchasing an additional 294 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Down 1.0%

Shares of NYSE:HDB traded down $0.37 during trading on Monday, hitting $35.08. 3,084,032 shares of the stock traded hands, compared to its average volume of 3,219,269. The company has a fifty day moving average price of $36.98 and a two-hundred day moving average price of $36.02. The company has a market cap of $178.96 billion, a price-to-earnings ratio of 21.52, a P/E/G ratio of 1.82 and a beta of 0.63. HDFC Bank Limited has a 52-week low of $28.89 and a 52-week high of $39.81.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Saturday, July 19th. The bank reported $0.37 earnings per share (EPS) 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 analyst estimates of $5.03 billion. HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. On average, equities research analysts predict that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank Dividend Announcement

The firm also recently announced a special dividend, which was paid on Wednesday, August 20th. Shareholders of record on Thursday, July 31st were paid a $0.0854 dividend. 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 19.63%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on HDB. Zacks Research cut HDFC Bank from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. Wall Street Zen upgraded HDFC Bank from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy".

HDFC Bank 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.