Stamos Capital Partners L.P. Purchases New Shares in HDFC Bank Limited (NYSE:HDB)

Stamos Capital Partners L.P. purchased a new stake in shares of HDFC Bank Limited (NYSE:HDBFree Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,580 shares of the bank’s stock, valued at approximately $509,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. increased its stake in shares of HDFC Bank by 0.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,404 shares of the bank’s stock valued at $1,504,000 after buying an additional 183 shares during the period. Endowment Wealth Management Inc. boosted its position in shares of HDFC Bank by 4.6% in the 4th quarter. Endowment Wealth Management Inc. now owns 4,166 shares of the bank’s stock worth $280,000 after purchasing an additional 184 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of HDFC Bank by 2.3% in the 4th quarter. Private Advisor Group LLC now owns 9,853 shares of the bank’s stock worth $661,000 after purchasing an additional 218 shares during the last quarter. GSB Wealth Management LLC boosted its position in shares of HDFC Bank by 1.9% in the 3rd quarter. GSB Wealth Management LLC now owns 13,575 shares of the bank’s stock worth $801,000 after purchasing an additional 253 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in shares of HDFC Bank by 2.6% in the 4th quarter. Verdence Capital Advisors LLC now owns 9,816 shares of the bank’s stock worth $659,000 after purchasing an additional 253 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Get Our Latest Research Report on HDFC Bank

HDFC Bank Trading Up 0.0 %

HDB stock traded up $0.01 during midday trading on Friday, hitting $59.09. 1,710,263 shares of the company’s stock were exchanged, compared to its average volume of 2,333,263. The stock’s fifty day moving average price is $57.52 and its 200-day moving average price is $58.51. 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 company has a market cap of $109.90 billion, a PE ratio of 18.13, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91. HDFC Bank Limited has a one year low of $52.16 and a one year high of $71.39.

HDFC Bank (NYSE:HDBGet Free Report) last posted its earnings results on Saturday, April 20th. The bank reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.13. The firm 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%. Research analysts predict that HDFC Bank Limited will post 3.12 earnings per share for the current fiscal year.

HDFC Bank Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, May 8th. Shareholders of record on Thursday, May 9th were paid a $0.7008 dividend. This is an increase from HDFC Bank’s previous annual dividend of $0.59. The ex-dividend date of this dividend was Wednesday, May 8th. This represents a dividend yield of 1%. HDFC Bank’s dividend payout ratio (DPR) is currently 18.40%.

About HDFC Bank

(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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