Dorsey & Whitney Trust CO LLC Grows Position in HDFC Bank Limited (NYSE:HDB)

Dorsey & Whitney Trust CO LLC raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 17.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,483 shares of the bank’s stock after purchasing an additional 983 shares during the quarter. Dorsey & Whitney Trust CO LLC’s holdings in HDFC Bank were worth $363,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Breakout Capital Partners LP purchased a new stake in HDFC Bank during the fourth quarter valued at about $18,894,000. CIBC Private Wealth Group LLC increased its position in shares of HDFC Bank by 2.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 929,921 shares of the bank’s stock valued at $62,407,000 after buying an additional 21,265 shares during the period. Truist Financial Corp increased its position in shares of HDFC Bank by 17.7% during the fourth quarter. Truist Financial Corp now owns 39,606 shares of the bank’s stock valued at $2,658,000 after buying an additional 5,953 shares during the period. Sei Investments Co. increased its position in shares of HDFC Bank by 0.8% during the fourth quarter. Sei Investments Co. now owns 1,661,176 shares of the bank’s stock valued at $111,481,000 after buying an additional 13,610 shares during the period. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in shares of HDFC Bank during the fourth quarter valued at about $1,818,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

Shares of HDB stock traded down $0.82 during trading on Friday, hitting $59.48. The company had a trading volume of 2,035,454 shares, compared to its average volume of 3,190,481. 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 stock’s 50-day moving average is $60.22 and its two-hundred day moving average is $58.17. The stock has a market capitalization of $110.63 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.28 and a beta of 0.93. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $71.39.

HDFC Bank (NYSE:HDB) last posted its quarterly earnings data 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 company had revenue of $9.72 billion for the quarter. HDFC Bank had a net margin of 15.71% and a return on equity of 15.45%. As a group, analysts predict that HDFC Bank Limited will post 3.07 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 given a $0.7008 dividend. This represents a dividend 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 18.40%.

Analyst Ratings Changes

Separately, StockNews.com cut 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.