HDFC Bank Limited (NYSE:HDB) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE raised its holdings in HDFC Bank Limited (NYSE:HDBGet Rating) by 13.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,612,330 shares of the bank’s stock after acquiring an additional 530,065 shares during the quarter. Bank of America Corp DE owned 0.25% of HDFC Bank worth $282,874,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Summit Global Investments acquired a new stake in HDFC Bank in the 4th quarter valued at about $466,000. Capital International Investors lifted its holdings in HDFC Bank by 1.7% in the 4th quarter. Capital International Investors now owns 1,696,552 shares of the bank’s stock valued at $110,004,000 after acquiring an additional 27,884 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in HDFC Bank by 5.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 37,825 shares of the bank’s stock valued at $2,353,000 after acquiring an additional 1,882 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in HDFC Bank by 47.3% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 14,587 shares of the bank’s stock valued at $895,000 after acquiring an additional 4,684 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new stake in HDFC Bank in the 1st quarter valued at about $427,000. 17.59% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $66.07 on Tuesday. HDFC Bank Limited has a twelve month low of $50.61 and a twelve month high of $78.43. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $121.41 billion, a price-to-earnings ratio of 23.18, a PEG ratio of 1.01 and a beta of 0.80. The firm has a 50-day moving average of $62.08 and a two-hundred day moving average of $58.97.

HDFC Bank (NYSE:HDBGet Rating) last posted its quarterly earnings data on Saturday, July 16th. The bank reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. The firm had revenue of $3.61 billion for the quarter, compared to the consensus estimate of $3.27 billion. HDFC Bank had a return on equity of 16.39% and a net margin of 22.96%. As a group, analysts expect that HDFC Bank Limited will post 2.99 earnings per share for the current fiscal year.

HDFC Bank Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, July 27th. Shareholders of record on Thursday, May 12th were issued a dividend of $0.5805 per share. This represents a yield of 0.8%. The ex-dividend date was Tuesday, July 19th. This is an increase from HDFC Bank’s previous annual dividend of $0.52. HDFC Bank’s payout ratio is presently 17.31%.

HDFC Bank Profile

(Get Rating)

HDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking Business, and Unallocated segments. The company 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, overdrafts against fixed deposits, and sweep-in facilities.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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