Robeco Institutional Asset Management B.V. Purchases 348,294 Shares of HDFC Bank Limited $HDB

Robeco Institutional Asset Management B.V. increased its position in shares of HDFC Bank Limited (NYSE:HDB) by 8.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,637,982 shares of the bank’s stock after purchasing an additional 348,294 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.18% of HDFC Bank worth $355,594,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. GAMMA Investing LLC grew its position in HDFC Bank by 6.8% in the first quarter. GAMMA Investing LLC now owns 2,391 shares of the bank’s stock valued at $159,000 after acquiring an additional 153 shares during the period. DMC Group LLC grew its position in HDFC Bank by 2.5% in the first quarter. DMC Group LLC now owns 7,418 shares of the bank’s stock valued at $493,000 after acquiring an additional 181 shares during the period. Platform Technology Partners grew its position in HDFC Bank by 2.7% in the first quarter. Platform Technology Partners now owns 7,644 shares of the bank’s stock valued at $508,000 after acquiring an additional 201 shares during the period. Portside Wealth Group LLC grew its position in HDFC Bank by 2.7% in the first quarter. Portside Wealth Group LLC now owns 9,014 shares of the bank’s stock valued at $599,000 after acquiring an additional 241 shares during the period. Finally, Ieq Capital LLC grew its position in HDFC Bank by 7.1% in the first quarter. Ieq Capital LLC now owns 4,456 shares of the bank’s stock valued at $296,000 after acquiring an additional 294 shares during the period. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Performance

Shares of HDB stock opened at $33.83 on Thursday. The stock’s fifty day moving average is $36.33 and its 200-day moving average is $36.17. The stock has a market capitalization of $172.60 billion, a PE ratio of 20.76, a PEG ratio of 1.76 and a beta of 0.63. HDFC Bank Limited has a 52 week low of $28.89 and a 52 week high of $39.81.

HDFC Bank (NYSE:HDB) last announced its earnings results on Saturday, July 19th. The bank reported $0.37 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.01). HDFC Bank had a return on equity of 11.60% and a net margin of 14.49%.The business had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $5.03 billion. As a group, analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current fiscal year.

HDFC Bank Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, August 20th. Stockholders of record on Thursday, July 31st were paid a dividend of $0.0854 per share. This represents a dividend 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 analysts have weighed in on the company. Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Zacks Research upgraded HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, HDFC Bank has a consensus rating of “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.