HDFC Bank Limited (NYSE:HDB) Holdings Lowered by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its stake in HDFC Bank Limited (NYSE:HDB) by 62.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 142,863 shares of the bank’s stock after selling 239,260 shares during the quarter. BNP Paribas Financial Markets’ holdings in HDFC Bank were worth $9,588,000 as of its most recent filing with the Securities and Exchange Commission.

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

HDFC Bank Stock Performance

Shares of HDB stock opened at $56.77 on Friday. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $71.39. The stock’s 50-day moving average is $56.91 and its two-hundred day moving average is $58.48. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.40 and a quick ratio of 0.52. The firm has a market cap of $105.59 billion, a P/E ratio of 17.41, a PEG ratio of 1.04 and a beta of 0.85.

HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, April 20th. The bank reported $0.84 EPS for the quarter, topping the consensus estimate of $0.71 by $0.13. The company had revenue of $9.72 billion during the quarter. HDFC Bank had a net margin of 15.71% and a return on equity of 15.45%. Analysts predict that HDFC Bank Limited will post 3.1 earnings per share for the current fiscal year.

HDFC Bank Increases Dividend

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

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, May 10th.

About HDFC Bank

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.