Veriti Management LLC increases its equity holding in HDFC Bank Limited (NYSE: HDB)


Veriti Management LLC raised its position in HDFC Bank Limited (NYSE: HDB – Get Rating) by 2.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor held 6,704 shares of the bank after purchasing an additional 189 shares during the quarter. Veriti Management LLC’s holdings in HDFC Bank were worth $411,000 at the end of last quarter.

A number of other institutional investors and hedge funds have also recently changed their positions in the stock. Fieldpoint Private Securities LLC increased its stake in HDFC Bank by 15.7% in the first quarter. Fieldpoint Private Securities LLC now owns 1,235 shares of the bank valued at $76,000 after buying 168 additional shares in the last quarter. Eaton Vance Management increased its stake in HDFC Bank by 5.8% in the fourth quarter. Eaton Vance Management now owns 3,449 shares of the bank valued at $223,000 after buying 189 more shares last quarter. 180 Wealth Advisors LLC increased its stake in HDFC Bank by 3.6% in the fourth quarter. 180 Wealth Advisors LLC now owns 6,211 shares of the bank valued at $428,000 after buying 213 additional shares last quarter. Shepherd Financial Partners LLC increased its stake in HDFC Bank by 2.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 9,435 shares of the bank valued at $614,000 after buying 223 additional shares last quarter. Finally, Pictet North America Advisors SA increased its stake in HDFC Bank by 0.4% in the fourth quarter. Pictet North America Advisors SA now owns 72,940 shares of the bank valued at $4,746,000 after buying 295 additional shares last quarter. 17.50% of the shares are currently held by institutional investors and hedge funds.

NYSE HDB shares opened at $57.81 on Friday. HDFC Bank Limited has a one-year low of $50.61 and a one-year high of $79.39. The company has a debt ratio of 0.98, a current ratio of 0.08 and a quick ratio of 0.39. The company’s 50-day simple moving average is $55.21 and its two-hundred-day simple moving average is $61.34. The stock has a market capitalization of $106.23 billion, a P/E ratio of 21.02, a PEG ratio of 0.79 and a beta of 0.78.

HDFC Bank (NYSE:HDB – Get Rating) released its quarterly results for the last time on Monday, April 18. The bank reported EPS of $0.75 for the quarter, beating consensus analyst estimates of $0.69 by $0.06. HDFC Bank posted a net margin of 22.68% and a return on equity of 16.33%. The company posted revenue of $3.82 billion for the quarter. As a group, stock analysts expect HDFC Bank Limited to post earnings per share of 3.14 for the current financial year.

The company also recently declared an annual dividend, which was paid on Thursday, May 12. Shareholders of record on Thursday, May 12 received a dividend of $0.522 per share. This is a boost from HDFC Bank’s previous annual dividend of $0.21. This represents a return of 0.93%. The ex-dividend date was Wednesday, May 11. HDFC Bank’s dividend payout ratio (DPR) is currently 18.91%.

Separately, StockNews.com took over HDFC Bank stock coverage in a Thursday, March 31 research note. They issued a “holding” rating on the stock.

About HDFC Bank (Get a 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 and Unallocated segments. The company accepts Savings, Salary, Current, Rural, Public Provident, Retirement, and Demat accounts; fixed and recurring deposits; and safes; as well as offshore accounts and deposits, fixed deposit overdrafts and sweep facilities.

See also

Want to see which other hedge funds hold HDB? Visit HoldingsChannel.com for the latest 13F filings and insider trading for HDFC Bank Limited (NYSE:HDB – Get Rating).

Institutional ownership by quarter for HDFC Bank (NYSE:HDB)



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