Temasek Holdings Private Ltd Purchases 337,874 Shares of HDFC Bank Limited $HDB

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 boosted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 3.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,895,662 shares of the bank's stock after purchasing an additional 337,874 shares during the period. HDFC Bank accounts for approximately 2.4% of Temasek Holdings Private Ltd's portfolio, making the stock its 14th biggest position. Temasek Holdings Private Ltd owned about 0.35% of HDFC Bank worth $591,028,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Bank Pictet & Cie Europe AG raised its holdings in shares of HDFC Bank by 451.3% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 19,490 shares of the bank's stock valued at $1,245,000 after purchasing an additional 15,955 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of HDFC Bank by 2.1% in the fourth quarter. Cetera Investment Advisers now owns 16,052 shares of the bank's stock worth $1,025,000 after buying an additional 324 shares during the last quarter. Ethic Inc. increased its holdings in shares of HDFC Bank by 29.1% during the 4th quarter. Ethic Inc. now owns 62,770 shares of the bank's stock valued at $4,008,000 after acquiring an additional 14,158 shares during the last quarter. Focus Partners Wealth bought a new position in shares of HDFC Bank in the 4th quarter valued at approximately $221,000. Finally, Graham Capital Management L.P. acquired a new stake in HDFC Bank in the 4th quarter worth approximately $591,000. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Price Performance

Shares of HDB stock traded up $0.27 during trading hours on Wednesday, hitting $35.27. 2,772,330 shares of the company's stock were exchanged, compared to its average volume of 4,979,956. HDFC Bank Limited has a 52 week low of $28.89 and a 52 week high of $39.81. The stock has a market cap of $179.90 billion, a price-to-earnings ratio of 21.63, a price-to-earnings-growth ratio of 1.82 and a beta of 0.63. The stock's 50-day moving average is $37.41 and its 200-day moving average is $35.68.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings results on Saturday, July 19th. The bank reported $0.37 earnings per share 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%. Equities research analysts forecast that HDFC Bank Limited will post 3.03 earnings per share 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 issued a dividend of $0.0854 per share. The ex-dividend date was Thursday, July 31st. This represents a yield of 101.0%. HDFC Bank's payout ratio is currently 9.82%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HDB. Zacks Research downgraded 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 report on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the company 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.