HDFC Bank Limited $HDB Shares Acquired by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB publ increased its holdings in HDFC Bank by 24.3% during the 1st quarter, now owning 39,824 shares valued at $2,646,000.
• Other institutional investors, including GQG Partners LLC and OVERSEA CHINESE BANKING Corp Ltd, significantly boosted their stakes in HDFC Bank, indicating heightened interest in the stock.
• HDFC Bank recently announced a special dividend of $0.1707 per share, reflecting a robust dividend yield of 101.0% and a payout ratio of 19.63%.

Lansforsakringar Fondforvaltning AB publ lifted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 24.3% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 39,824 shares of the bank's stock after purchasing an additional 7,787 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in HDFC Bank were worth $2,646,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Northern Trust Corp lifted its position in HDFC Bank by 52.0% during the 4th quarter. Northern Trust Corp now owns 1,015,588 shares of the bank's stock worth $64,855,000 after acquiring an additional 347,488 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in HDFC Bank during the 4th quarter worth approximately $580,000. Raiffeisen Bank International AG lifted its position in HDFC Bank by 21.3% during the 1st quarter. Raiffeisen Bank International AG now owns 193,223 shares of the bank's stock worth $12,778,000 after acquiring an additional 33,983 shares in the last quarter. BNP Paribas Financial Markets lifted its position in HDFC Bank by 81.0% during the 1st quarter. BNP Paribas Financial Markets now owns 568,407 shares of the bank's stock worth $37,765,000 after acquiring an additional 254,395 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in HDFC Bank by 20.6% during the 1st quarter. Natixis Advisors LLC now owns 2,238,560 shares of the bank's stock worth $148,730,000 after acquiring an additional 382,267 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Down 0.0%

Shares of HDFC Bank stock traded down $0.00 on Thursday, hitting $70.62. 1,711,661 shares of the company's stock traded hands, compared to its average volume of 2,514,671. The stock has a market cap of $180.13 billion, a P/E ratio of 21.66, a PEG ratio of 1.82 and a beta of 0.63. The firm's 50-day moving average is $75.33 and its 200 day moving average is $71.00. HDFC Bank Limited has a 52-week low of $57.78 and a 52-week high of $79.61.

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

HDFC Bank Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on HDB shares. Zacks Research lowered HDFC Bank from a "hold" rating to a "strong sell" rating in a research report on Friday, August 29th. Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently 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.