Vanguard Personalized Indexing Management LLC Has $6.73 Million Stock Holdings in HDFC Bank Limited $HDB

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in HDFC Bank Limited by 52.2% during the 2nd quarter, now holding shares valued at $6.73 million.
• HDFC Bank reported $0.37 earnings per share for the last quarter, missing analysts' estimates by $0.01, while revenue exceeded expectations at $5.10 billion.
• The bank recently announced a special dividend of $0.0854 per share, offering a significant yield of 101% to its shareholders.

Vanguard Personalized Indexing Management LLC raised its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 52.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,741 shares of the bank's stock after acquiring an additional 30,090 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in HDFC Bank were worth $6,728,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Sather Financial Group Inc acquired a new position in HDFC Bank in the 2nd quarter valued at $767,000. Natural Investments LLC raised its holdings in HDFC Bank by 1.8% in the 2nd quarter. Natural Investments LLC now owns 19,557 shares of the bank's stock valued at $1,499,000 after acquiring an additional 346 shares in the last quarter. Aberdeen Group plc raised its holdings in shares of HDFC Bank by 68.7% during the 2nd quarter. Aberdeen Group plc now owns 594,159 shares of the bank's stock worth $45,373,000 after buying an additional 242,031 shares in the last quarter. PDS Planning Inc raised its holdings in shares of HDFC Bank by 10.6% during the 2nd quarter. PDS Planning Inc now owns 17,181 shares of the bank's stock worth $1,317,000 after buying an additional 1,653 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of HDFC Bank by 14.8% during the 2nd quarter. Blue Trust Inc. now owns 37,602 shares of the bank's stock worth $2,883,000 after buying an additional 4,843 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Up 0.1%

Shares of HDB opened at $34.82 on Monday. HDFC Bank Limited has a 12-month low of $28.89 and a 12-month high of $39.81. The business has a 50-day simple moving average of $35.78 and a two-hundred day simple moving average of $36.35. The stock has a market cap of $177.63 billion, a PE ratio of 21.36, a PEG ratio of 1.85 and a beta of 0.63.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its 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). HDFC Bank had a return on equity of 11.60% and a net margin of 14.49%.The firm had revenue of $5.10 billion during the quarter, compared to analyst estimates of $5.03 billion. On average, equities research analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, August 20th. Shareholders of record on Thursday, July 31st were issued 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 is presently 19.63%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on HDB. Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Zacks Research raised HDFC Bank from a "strong sell" rating to a "hold" rating in a report on Monday, September 29th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of HDFC Bank in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, HDFC Bank 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.

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