HDFC Bank Limited $HDB Shares Acquired by Temasek Holdings Private Ltd

Key Points

• Temasek Holdings Private Ltd increased its stake in HDFC Bank Limited by 3.9%, now holding a total of 8,895,662 shares, making it the bank's 14th largest holding.
• HDFC Bank declared a special dividend of $0.1707, providing a yield of 101.0% to shareholders of record.
• Despite mixed ratings from analysts, HDFC Bank has an average rating of "Moderate Buy" as the stock continues to attract institutional investments.

Temasek Holdings Private Ltd lifted its stake in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 3.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,895,662 shares of the bank's stock after acquiring an additional 337,874 shares during the quarter. HDFC Bank makes up approximately 2.4% of Temasek Holdings Private Ltd's holdings, making the stock its 14th biggest holding. Temasek Holdings Private Ltd owned about 0.35% of HDFC Bank worth $591,028,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. BNP Paribas Financial Markets increased its position in shares of HDFC Bank by 81.0% during the first 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 during the period. Raiffeisen Bank International AG increased its position in shares of HDFC Bank by 21.3% during the first 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 during the period. Immersion Capital LLP purchased a new position in shares of HDFC Bank during the first quarter worth approximately $19,753,000. Natixis Advisors LLC boosted its stake in shares of HDFC Bank by 20.6% during the first quarter. Natixis Advisors LLC now owns 2,238,560 shares of the bank's stock valued at $148,730,000 after purchasing an additional 382,267 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in shares of HDFC Bank by 53.5% during 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 in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Stock Performance

HDB traded down $0.33 during trading on Friday, hitting $35.07. The stock had a trading volume of 788,892 shares, compared to its average volume of 4,947,848. The company has a market capitalization of $178.88 billion, a PE ratio of 21.51, a PEG ratio of 1.81 and a beta of 0.63. HDFC Bank Limited has a twelve month low of $28.89 and a twelve month high of $39.81. The stock has a 50 day simple moving average of $37.30 and a two-hundred day simple moving average of $35.72.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Saturday, July 19th. The bank reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.03 billion. On average, equities research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, August 20th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.0854 per share. This represents a dividend yield of 101.0%. The ex-dividend date was Thursday, July 31st. HDFC Bank's payout ratio is presently 19.63%.

Wall Street Analyst Weigh In

HDB has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Zacks Research downgraded shares of HDFC Bank from a "hold" rating to a "strong sell" rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, HDFC Bank presently has an average 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.