Deltec Asset Management LLC Increases Position in HDFC Bank Limited (NYSE:HDB)

Deltec Asset Management LLC increased its holdings in HDFC Bank Limited (NYSE:HDB) by 13.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 51,850 shares of the bank’s stock after acquiring an additional 6,300 shares during the quarter. Deltec Asset Management LLC’s holdings in HDFC Bank were worth $2,902,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HDB. Royal London Asset Management Ltd. raised its stake in shares of HDFC Bank by 234.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 6,690,063 shares of the bank’s stock valued at $448,970,000 after purchasing an additional 4,687,487 shares in the last quarter. Harding Loevner LP increased its holdings in HDFC Bank by 31.7% in the fourth quarter. Harding Loevner LP now owns 9,456,666 shares of the bank’s stock valued at $621,646,000 after buying an additional 2,276,203 shares during the last quarter. Brown Advisory Inc. raised its stake in HDFC Bank by 82.9% during the fourth quarter. Brown Advisory Inc. now owns 4,589,266 shares of the bank’s stock valued at $307,986,000 after buying an additional 2,079,942 shares in the last quarter. Hardman Johnston Global Advisors LLC lifted its holdings in HDFC Bank by 832.6% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 2,032,170 shares of the bank’s stock worth $136,379,000 after buying an additional 1,814,263 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in shares of HDFC Bank by 69.9% in the 4th quarter. Wellington Management Group LLP now owns 4,174,807 shares of the bank’s stock worth $280,171,000 after acquiring an additional 1,717,596 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of NYSE HDB traded down $0.54 during midday trading on Friday, hitting $64.33. The company’s stock had a trading volume of 3,539,139 shares, compared to its average volume of 2,923,537. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.40. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $71.39. The firm’s fifty day moving average price is $58.87 and its 200-day moving average price is $58.53. The firm has a market cap of $119.65 billion, a P/E ratio of 19.73, a P/E/G ratio of 1.20 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last issued its earnings results on Saturday, April 20th. The bank reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. The company had revenue of $9.72 billion during the quarter. HDFC Bank had a return on equity of 15.45% and a net margin of 15.71%. On average, sell-side analysts forecast that HDFC Bank Limited will post 3.12 EPS for the current fiscal year.

HDFC Bank Increases Dividend

The business also recently disclosed 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 is an increase from HDFC Bank’s previous annual dividend of $0.59. This represents a yield of 1%. The ex-dividend date was Wednesday, May 8th. HDFC Bank’s dividend payout ratio is presently 18.40%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th.

HDFC Bank 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.