Quantbot Technologies LP Has $5.39 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

Quantbot Technologies LP increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 137.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 96,346 shares of the bank’s stock after purchasing an additional 55,825 shares during the period. Quantbot Technologies LP’s holdings in HDFC Bank were worth $5,392,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HDB. Envestnet Portfolio Solutions Inc. raised its holdings in HDFC Bank by 29.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 28,903 shares of the bank’s stock worth $1,618,000 after purchasing an additional 6,499 shares during the period. Mawer Investment Management Ltd. increased its position in shares of HDFC Bank by 68.5% in the 1st quarter. Mawer Investment Management Ltd. now owns 1,582,489 shares of the bank’s stock valued at $88,572,000 after buying an additional 643,350 shares in the last quarter. Flossbach Von Storch AG increased its position in shares of HDFC Bank by 7.9% in the 1st quarter. Flossbach Von Storch AG now owns 1,037,805 shares of the bank’s stock valued at $58,086,000 after buying an additional 75,890 shares in the last quarter. Signaturefd LLC raised its stake in HDFC Bank by 2,661.0% during the 1st quarter. Signaturefd LLC now owns 18,913 shares of the bank’s stock worth $1,059,000 after buying an additional 18,228 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in HDFC Bank in the first quarter valued at about $727,000. Institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Thursday, June 13th.

HDFC Bank Stock Up 0.2 %

Shares of NYSE:HDB traded up $0.12 during midday trading on Friday, reaching $60.44. 1,817,184 shares of the company were exchanged, compared to its average volume of 3,216,697. The firm has a market cap of $112.41 billion, a PE ratio of 18.50, a P/E/G ratio of 1.28 and a beta of 0.93. The company has a quick ratio of 0.52, a current ratio of 0.40 and a debt-to-equity ratio of 1.78. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $71.39. The stock has a fifty day simple moving average of $59.78 and a two-hundred day simple moving average of $58.45.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, April 20th. The bank reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. The company had revenue of $9.72 billion for the quarter. HDFC Bank had a return on equity of 15.45% and a net margin of 15.71%. As a group, sell-side analysts forecast that HDFC Bank Limited will post 3.07 earnings per share for the current year.

HDFC Bank Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, May 8th. Stockholders of record on Thursday, May 9th were paid a dividend of $0.7008 per share. This is a boost from HDFC Bank’s previous annual dividend of $0.59. This represents a dividend yield of 1%. The ex-dividend date was Wednesday, May 8th. HDFC Bank’s dividend payout ratio (DPR) is currently 18.40%.

HDFC Bank Profile

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.