Mirae Asset Global Investments Co. Ltd. Has $10.08 Million Position in HDFC Bank Limited (NYSE:HDB)

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of HDFC Bank Limited (NYSE:HDBGet Rating) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,281 shares of the bank’s stock after selling 2,080 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in HDFC Bank were worth $10,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Martin Currie Ltd. increased its position in HDFC Bank by 8.4% during the 1st quarter. Martin Currie Ltd. now owns 2,158,497 shares of the bank’s stock worth $132,381,000 after purchasing an additional 167,710 shares in the last quarter. Neuberger Berman Group LLC increased its position in HDFC Bank by 0.9% during the 1st quarter. Neuberger Berman Group LLC now owns 783,882 shares of the bank’s stock worth $48,068,000 after purchasing an additional 6,710 shares in the last quarter. Capital Group International Inc. CA increased its position in HDFC Bank by 2.5% during the 1st quarter. Capital Group International Inc. CA now owns 847,157 shares of the bank’s stock worth $51,956,000 after purchasing an additional 20,643 shares in the last quarter. Capital International Investors increased its position in HDFC Bank by 15.8% during the 1st quarter. Capital International Investors now owns 1,963,798 shares of the bank’s stock worth $120,316,000 after purchasing an additional 267,246 shares in the last quarter. Finally, KB Financial Partners LLC increased its position in HDFC Bank by 7.6% in the 1st quarter. KB Financial Partners LLC now owns 3,290 shares of the bank’s stock valued at $202,000 after acquiring an additional 232 shares during the period. 17.59% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Trading Down 1.0 %

Shares of NYSE HDB opened at $65.38 on Wednesday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.36 and a current ratio of 0.36. HDFC Bank Limited has a 52-week low of $50.61 and a 52-week high of $78.43. The firm has a 50 day moving average price of $62.22 and a two-hundred day moving average price of $59.03. The stock has a market cap of $120.14 billion, a P/E ratio of 23.44, a price-to-earnings-growth ratio of 1.01 and a beta of 0.80.

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

HDFC Bank Increases Dividend

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

HDFC Bank Company 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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