DSM Capital Partners LLC Decreases Stock Holdings in HDFC Bank Limited $HDB

Key Points

• DSM Capital Partners LLC has decreased its stake in HDFC Bank Limited by 8.0%, now holding 67,995 shares valued at $4,518,000.
• HDFC Bank's stock price opened at $74.07 and has shown a market capitalization of $188.92 billion.
• According to recent earnings results, HDFC Bank reported $0.74 earnings per share for the last quarter, missing analysts' expectations by $0.01.

DSM Capital Partners LLC trimmed its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 8.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,995 shares of the bank's stock after selling 5,910 shares during the quarter. DSM Capital Partners LLC's holdings in HDFC Bank were worth $4,518,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HDB. GQG Partners LLC lifted its holdings in HDFC Bank by 105.5% in the first quarter. GQG Partners LLC now owns 16,196,992 shares of the bank's stock valued at $1,076,128,000 after acquiring an additional 8,313,645 shares during the last quarter. Triglav Skladi D.O.O. acquired a new position in shares of HDFC Bank in the 1st quarter valued at $1,628,000. S Bank Fund Management Ltd purchased a new position in shares of HDFC Bank during the 1st quarter worth $3,986,000. Mondrian Investment Partners LTD increased its position in shares of HDFC Bank by 1.3% during the 1st quarter. Mondrian Investment Partners LTD now owns 1,057,182 shares of the bank's stock worth $70,239,000 after purchasing an additional 13,738 shares during the last quarter. Finally, LGT Group Foundation purchased a new stake in HDFC Bank in the 1st quarter valued at about $5,429,000. Institutional investors and hedge funds own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

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

HDFC Bank Stock Performance

Shares of HDFC Bank stock traded down $0.3730 during trading hours on Tuesday, reaching $75.0770. 430,045 shares of the company were exchanged, compared to its average volume of 2,554,946. The firm has a market cap of $191.50 billion, a PE ratio of 23.03, a PEG ratio of 1.87 and a beta of 0.64. HDFC Bank Limited has a 1 year low of $57.78 and a 1 year high of $79.61. The stock's fifty day moving average is $75.93 and its 200 day moving average is $70.15.

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). HDFC Bank had a return on equity of 11.60% and a net margin of 14.49%.The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.03 billion. Research analysts expect that HDFC Bank Limited will post 3.03 earnings per share for the current year.

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.