HDFC Bank Limited (NYSE:HDB) Shares Sold by Janney Capital Management LLC

Janney Capital Management LLC lessened its stake in shares of HDFC Bank Limited (NYSE:HDBFree Report) by 7.0% during the fourth quarter, Holdings reports. The fund owned 100,190 shares of the bank’s stock after selling 7,496 shares during the period. Janney Capital Management LLC’s holdings in HDFC Bank were worth $6,724,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of HDFC Bank in the 3rd quarter worth approximately $27,000. NBC Securities Inc. bought a new position in shares of HDFC Bank in the third quarter valued at $29,000. GAMMA Investing LLC acquired a new stake in shares of HDFC Bank during the 4th quarter valued at $33,000. Parkside Financial Bank & Trust boosted its stake in shares of HDFC Bank by 89.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 615 shares of the bank’s stock worth $41,000 after acquiring an additional 291 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of HDFC Bank by 44.7% in the 3rd quarter. Signaturefd LLC now owns 848 shares of the bank’s stock worth $50,000 after acquiring an additional 262 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Down 0.5 %

Shares of HDB stock traded down $0.30 during trading hours on Wednesday, reaching $55.66. 1,571,738 shares of the stock traded hands, compared to its average volume of 3,388,407. The company has a quick ratio of 0.52, a current ratio of 0.40 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $103.51 billion, a PE ratio of 17.02, a PEG ratio of 1.05 and a beta of 0.85. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $71.39. The business has a fifty day moving average price of $56.89 and a 200 day moving average price of $58.52.

HDFC Bank (NYSE:HDBGet Free Report) last issued its quarterly earnings results on Saturday, April 20th. The bank reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. The business 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%. On average, equities research analysts forecast that HDFC Bank Limited will post 3.1 EPS for the current year.

HDFC Bank Increases Dividend

The business also recently declared an annual dividend, which was paid on Wednesday, May 8th. Stockholders of record on Thursday, May 9th were given a $0.7008 dividend. This represents a dividend yield of 1%. This is a positive change 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 18.40%.

Analyst Upgrades and Downgrades

Separately, raised HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, May 10th.

View Our Latest Analysis on HDB

HDFC Bank Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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