Mirae Asset Global Investments Co. Ltd. Sells 2,080 Shares of HDFC Bank Limited (NYSE:HDB)

Mirae Asset Global Investments Co. Ltd. cut its stake in shares of HDFC Bank Limited (NYSE:HDBGet Rating) by 1.3% during the 1st quarter, Holdings Channel reports. The fund owned 164,281 shares of the bank’s stock after selling 2,080 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in HDFC Bank were worth $10,075,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fieldpoint Private Securities LLC increased its holdings in HDFC Bank by 15.7% during the first quarter. Fieldpoint Private Securities LLC now owns 1,235 shares of the bank’s stock worth $76,000 after buying an additional 168 shares during the last quarter. Eaton Vance Management increased its holdings in HDFC Bank by 5.8% during the fourth quarter. Eaton Vance Management now owns 3,449 shares of the bank’s stock worth $223,000 after buying an additional 189 shares during the last quarter. Veriti Management LLC boosted its position in HDFC Bank by 2.9% during the first quarter. Veriti Management LLC now owns 6,704 shares of the bank’s stock worth $411,000 after purchasing an additional 189 shares during the period. Shepherd Financial Partners LLC boosted its position in HDFC Bank by 2.4% during the fourth quarter. Shepherd Financial Partners LLC now owns 9,435 shares of the bank’s stock worth $614,000 after purchasing an additional 223 shares during the period. Finally, KB Financial Partners LLC boosted its position in HDFC Bank by 7.6% during the first quarter. KB Financial Partners LLC now owns 3,290 shares of the bank’s stock worth $202,000 after purchasing an additional 232 shares during the period. 17.59% of the stock is owned by institutional investors.

HDFC Bank Price Performance

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

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

HDFC Bank Increases Dividend

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

About HDFC Bank

(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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