Foresight Global Investors Inc. Has $10.36 Million Stock Holdings in HDFC Bank Limited (NYSE:HDB)

Foresight Global Investors Inc. lessened its holdings in HDFC Bank Limited (NYSE:HDB) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 154,361 shares of the bank’s stock after selling 5,531 shares during the quarter. HDFC Bank makes up approximately 5.9% of Foresight Global Investors Inc.’s holdings, making the stock its 8th biggest holding. Foresight Global Investors Inc.’s holdings in HDFC Bank were worth $10,359,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Commonwealth Equity Services LLC raised its position in shares of HDFC Bank by 3.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the bank’s stock valued at $387,000 after acquiring an additional 245 shares during the last quarter. Raymond James & Associates lifted its stake in HDFC Bank by 0.7% in the third quarter. Raymond James & Associates now owns 537,535 shares of the bank’s stock valued at $31,720,000 after buying an additional 3,892 shares during the period. Bank of New York Mellon Corp boosted its holdings in HDFC Bank by 9.9% during the third quarter. Bank of New York Mellon Corp now owns 2,504,583 shares of the bank’s stock worth $147,795,000 after buying an additional 225,004 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of HDFC Bank by 7.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,563 shares of the bank’s stock worth $564,000 after buying an additional 698 shares during the period. Finally, Calamos Wealth Management LLC increased its stake in shares of HDFC Bank by 71.1% in the 3rd quarter. Calamos Wealth Management LLC now owns 21,599 shares of the bank’s stock valued at $1,275,000 after acquiring an additional 8,979 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Monday, April 22nd.

HDFC Bank Trading Down 1.3 %

NYSE:HDB traded down $0.74 on Thursday, reaching $55.33. The company’s stock had a trading volume of 2,835,999 shares, compared to its average volume of 3,455,637. The firm has a market cap of $102.91 billion, a PE ratio of 16.97, a PEG ratio of 1.10 and a beta of 0.85. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.40. The business’s 50-day moving average price is $56.80 and its two-hundred day moving average price is $58.54. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $71.39.

HDFC Bank Increases Dividend

The firm also recently announced an annual dividend, which was paid on Wednesday, May 8th. Investors of record on Thursday, May 9th were paid a dividend of $0.7008 per share. This represents a yield of 1%. This is a boost from HDFC Bank’s previous annual dividend of $0.59. The ex-dividend date of this dividend was Wednesday, May 8th. HDFC Bank’s dividend payout ratio is presently 18.10%.

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.