HDFC Bank Limited (NYSE:HDB) Shares Sold by UBS Group AG

UBS Group AG lowered its stake in shares of HDFC Bank Limited (NYSE:HDB) by 11.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,495,292 shares of the bank’s stock after selling 189,227 shares during the period. UBS Group AG owned about 0.08% of HDFC Bank worth $100,349,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its position in HDFC Bank by 185.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 62,169 shares of the bank’s stock worth $4,172,000 after acquiring an additional 40,369 shares during the last quarter. Firetrail Investments PTY Ltd. purchased a new stake in shares of HDFC Bank in the fourth quarter valued at $4,303,000. Brown Advisory Inc. raised its stake in HDFC Bank by 82.9% in the 4th quarter. Brown Advisory Inc. now owns 4,589,266 shares of the bank’s stock valued at $307,986,000 after purchasing an additional 2,079,942 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in HDFC Bank by 4.7% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 216,506 shares of the bank’s stock valued at $14,530,000 after purchasing an additional 9,658 shares in the last quarter. Finally, Trillium Asset Management LLC boosted its stake in shares of HDFC Bank by 4.2% during the 4th quarter. Trillium Asset Management LLC now owns 162,083 shares of the bank’s stock worth $10,877,000 after purchasing an additional 6,459 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Down 0.6 %

Shares of NYSE:HDB opened at $56.18 on Wednesday. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $71.39. The stock’s 50-day moving average price is $56.91 and its two-hundred day moving average price is $58.49. The company has a current ratio of 0.40, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. The firm has a market cap of $104.49 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.06 and a beta of 0.85.

HDFC Bank (NYSE:HDB) last released its earnings results on Saturday, April 20th. The bank reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. The firm had revenue of $9.72 billion during the quarter. HDFC Bank had a net margin of 15.71% and a return on equity of 15.45%. On average, research analysts forecast that HDFC Bank Limited will post 3.1 EPS for the current year.

HDFC Bank Increases Dividend

The company also recently announced an annual dividend, which was paid on Wednesday, May 8th. Investors of record on Thursday, May 9th were given a $0.7008 dividend. This is a positive change from HDFC Bank’s previous annual dividend of $0.59. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Wednesday, May 8th. HDFC Bank’s dividend payout ratio (DPR) is 18.40%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, May 10th.

About HDFC Bank

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.