Henry James International Management Inc. Decreases Stock Position in HDFC Bank Limited (NYSE:HDB)

Henry James International Management Inc. reduced its stake in HDFC Bank Limited (NYSE:HDB) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,624 shares of the bank’s stock after selling 427 shares during the period. HDFC Bank makes up about 1.2% of Henry James International Management Inc.’s holdings, making the stock its 25th largest holding. Henry James International Management Inc.’s holdings in HDFC Bank were worth $3,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its stake in HDFC Bank by 51.6% during the third quarter. Wellington Management Group LLP now owns 2,457,211 shares of the bank’s stock valued at $145,000,000 after acquiring an additional 836,449 shares in the last quarter. Northern Trust Corp raised its position in shares of HDFC Bank by 13.1% in the third quarter. Northern Trust Corp now owns 385,864 shares of the bank’s stock worth $22,770,000 after buying an additional 44,648 shares in the last quarter. Martin Currie Ltd. increased its stake in HDFC Bank by 1.7% in the 3rd quarter. Martin Currie Ltd. now owns 3,401,986 shares of the bank’s stock worth $200,751,000 after acquiring an additional 57,055 shares during the last quarter. Citigroup Inc. increased its stake in HDFC Bank by 1,193.0% in the 3rd quarter. Citigroup Inc. now owns 749,586 shares of the bank’s stock worth $44,233,000 after acquiring an additional 691,615 shares during the last quarter. Finally, Aikya Investment Management Ltd purchased a new stake in shares of HDFC Bank in the 4th quarter valued at about $77,036,000. Institutional investors own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Monday, April 22nd.

HDFC Bank Price Performance

HDB traded down $0.36 during trading on Friday, reaching $58.51. The stock had a trading volume of 3,785,443 shares, compared to its average volume of 2,615,206. The business has a 50-day moving average of $56.60 and a 200-day moving average of $58.55. HDFC Bank Limited has a one year low of $52.16 and a one year high of $71.39. 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 stock has a market cap of $108.82 billion, a PE ratio of 17.95, a PEG ratio of 1.10 and a beta of 0.85.

HDFC Bank Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, May 8th. Stockholders of record on Thursday, May 9th will be given a dividend of $0.7008 per share. The ex-dividend date is Wednesday, May 8th. This is a positive change from HDFC Bank’s previous annual dividend of $0.59. This represents a dividend yield of 1%. HDFC Bank’s dividend payout ratio is 17.79%.

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.