HDFC Bank Limited (NYSE:HDB) – Jefferies Group increased their FY2020 earnings per share (EPS) estimates for HDFC Bank Limited in a research report issued on Tuesday. Jefferies Group analyst N. Karfa now anticipates that the bank will post earnings of $5.09 per share for the year, up from their previous forecast of $4.63. Jefferies Group has a “Buy” rating on the stock.
HDB has been the subject of several other reports. Zacks Investment Research downgraded shares of HDFC Bank Limited from a “buy” rating to a “hold” rating in a research note on Wednesday, May 31st. Morgan Stanley upgraded shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a research note on Tuesday. Finally, BidaskClub downgraded shares of HDFC Bank Limited from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. HDFC Bank Limited has an average rating of “Buy” and a consensus target price of $103.00.
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HDFC Bank Limited (HDB) remained flat at $96.32 during midday trading on Thursday. The company had a trading volume of 363,795 shares. The firm’s 50 day moving average price is $89.34 and its 200 day moving average price is $78.87. HDFC Bank Limited has a one year low of $59.00 and a one year high of $97.20. The company has a market capitalization of $493.65 billion, a price-to-earnings ratio of 209.62 and a beta of 0.85.
The firm also recently disclosed an annual dividend, which was paid on Thursday, June 29th. Shareholders of record on Thursday, June 29th were paid a dividend of $0.493 per share. The ex-dividend date was Tuesday, June 27th.
A number of large investors have recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. increased its stake in HDFC Bank Limited by 3.0% in the first quarter. Wetherby Asset Management Inc. now owns 6,134 shares of the bank’s stock valued at $461,000 after buying an additional 178 shares in the last quarter. Creative Planning increased its stake in HDFC Bank Limited by 6.3% in the first quarter. Creative Planning now owns 1,700 shares of the bank’s stock valued at $128,000 after buying an additional 100 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in HDFC Bank Limited during the fourth quarter valued at about $896,000. UBS Asset Management Americas Inc. increased its stake in HDFC Bank Limited by 0.9% in the fourth quarter. UBS Asset Management Americas Inc. now owns 301,554 shares of the bank’s stock valued at $18,298,000 after buying an additional 2,800 shares in the last quarter. Finally, Johnston Asset Management LLC increased its stake in HDFC Bank Limited by 16.0% in the first quarter. Johnston Asset Management LLC now owns 2,125,159 shares of the bank’s stock valued at $159,855,000 after buying an additional 293,127 shares in the last quarter. Institutional investors own 18.60% of the company’s stock.
About HDFC Bank Limited
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.
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