Public Employees Retirement System of Ohio Has $66.01 Million Stake in HDFC Bank Limited $HDB

Public Employees Retirement System of Ohio lessened its holdings in HDFC Bank Limited (NYSE:HDB) by 7.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 860,958 shares of the bank’s stock after selling 65,662 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in HDFC Bank were worth $66,010,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HDB. Central Pacific Bank Trust Division acquired a new stake in HDFC Bank during the 2nd quarter worth about $29,000. Roxbury Financial LLC bought a new position in shares of HDFC Bank during the 2nd quarter worth approximately $30,000. Larson Financial Group LLC raised its holdings in shares of HDFC Bank by 1,217.1% in the 1st quarter. Larson Financial Group LLC now owns 461 shares of the bank’s stock worth $31,000 after purchasing an additional 426 shares during the period. Cullen Frost Bankers Inc. raised its holdings in HDFC Bank by 448.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 620 shares of the bank’s stock valued at $41,000 after acquiring an additional 507 shares during the period. Finally, NBC Securities Inc. bought a new position in shares of HDFC Bank in the first quarter worth $55,000. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Down 1.2%

Shares of HDB opened at $34.65 on Wednesday. The company has a market capitalization of $176.74 billion, a P/E ratio of 21.25, a price-to-earnings-growth ratio of 1.80 and a beta of 0.63. The firm has a 50 day moving average of $36.87 and a 200 day moving average of $36.05. HDFC Bank Limited has a twelve month low of $28.89 and a twelve month high of $39.81.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, July 19th. The bank reported $0.37 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.03 billion. HDFC Bank had a net margin of 14.49% and a return on equity of 11.60%. On average, sell-side analysts expect that HDFC Bank Limited will post 3.03 EPS for the current year.

HDFC Bank Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, August 20th. Investors of record on Thursday, July 31st were given a $0.0854 dividend. This represents a yield of 101.0%. The ex-dividend date of this dividend was Thursday, July 31st. HDFC Bank’s dividend payout ratio is 19.63%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Zacks Research cut HDFC Bank from a “hold” rating to a “strong sell” rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

HDFC Bank Company 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.