HDFC Bank Limited (NYSE:HDB) Holdings Lowered by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lowered its stake in HDFC Bank Limited (NYSE:HDB) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,199,257 shares of the bank’s stock after selling 109,189 shares during the quarter. Price T Rowe Associates Inc. MD owned approximately 0.12% of HDFC Bank worth $123,094,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. lifted its position in shares of HDFC Bank by 13.4% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 6,019 shares of the bank’s stock valued at $404,000 after acquiring an additional 713 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of HDFC Bank by 31.6% in the fourth quarter. Fifth Third Bancorp now owns 45,077 shares of the bank’s stock worth $3,025,000 after buying an additional 10,829 shares during the period. Alta Capital Management LLC purchased a new stake in HDFC Bank in the 4th quarter worth about $206,000. DAVENPORT & Co LLC boosted its position in HDFC Bank by 35.7% during the 4th quarter. DAVENPORT & Co LLC now owns 30,313 shares of the bank’s stock worth $2,034,000 after acquiring an additional 7,974 shares during the period. Finally, UMB Bank n.a. grew its stake in HDFC Bank by 19.6% during the 4th quarter. UMB Bank n.a. now owns 3,223 shares of the bank’s stock valued at $216,000 after acquiring an additional 528 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

HDB has been the topic of a number of research analyst reports. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd.

HDFC Bank Stock Down 0.6 %

HDB traded down $0.35 during midday trading on Monday, hitting $60.29. 243,044 shares of the company’s stock traded hands, compared to its average volume of 3,130,616. The company has a market cap of $112.13 billion, a PE ratio of 18.52, a price-to-earnings-growth ratio of 1.66 and a beta of 0.92. The stock’s fifty day simple moving average is $60.65 and its 200-day simple moving average is $57.87. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.51 and a quick ratio of 0.51. HDFC Bank Limited has a one year low of $52.16 and a one year high of $69.03.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Monday, July 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. HDFC Bank had a net margin of 14.69% and a return on equity of 14.79%. The firm had revenue of $14.03 billion during the quarter, compared to analysts’ expectations of $4.81 billion. As a group, equities analysts anticipate that HDFC Bank Limited will post 2.88 earnings per share for the current fiscal year.

HDFC Bank Increases Dividend

The business also recently disclosed an annual dividend, which was paid on Wednesday, May 8th. Stockholders of record on Thursday, May 9th were issued a dividend of $0.7008 per share. 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. This represents a dividend yield of 1%. HDFC Bank’s dividend payout ratio is currently 18.40%.

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.