Level Four Advisory Services LLC Sells 1,141 Shares of HDFC Bank Limited (NYSE:HDB)

Level Four Advisory Services LLC lowered its stake in HDFC Bank Limited (NYSE:HDB) by 21.3% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,218 shares of the bank’s stock after selling 1,141 shares during the quarter. Level Four Advisory Services LLC’s holdings in HDFC Bank were worth $283,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC lifted its holdings in HDFC Bank by 3.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the bank’s stock worth $387,000 after buying an additional 245 shares during the period. Signaturefd LLC lifted its holdings in HDFC Bank by 44.7% in the third quarter. Signaturefd LLC now owns 848 shares of the bank’s stock worth $50,000 after buying an additional 262 shares during the period. NBC Securities Inc. purchased a new position in shares of HDFC Bank during the 3rd quarter worth approximately $29,000. Assenagon Asset Management S.A. lifted its stake in shares of HDFC Bank by 135.0% in the 3rd quarter. Assenagon Asset Management S.A. now owns 179,183 shares of the bank’s stock valued at $10,574,000 after purchasing an additional 102,925 shares during the period. Finally, Mondrian Investment Partners LTD boosted its position in shares of HDFC Bank by 17.6% during the third quarter. Mondrian Investment Partners LTD now owns 474,827 shares of the bank’s stock valued at $28,020,000 after purchasing an additional 71,043 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Down 0.0 %

HDB stock opened at $56.15 on Thursday. The stock has a market capitalization of $104.42 billion, a P/E ratio of 17.22, a P/E/G ratio of 1.05 and a beta of 0.85. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.40 and a quick ratio of 0.52. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $71.39. The business has a fifty day moving average price of $56.89 and a 200-day moving average price of $58.47.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, April 20th. The bank reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. The firm 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%. Equities analysts forecast that HDFC Bank Limited will post 3.1 earnings per share for the current fiscal year.

HDFC Bank Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, May 8th. Stockholders of record on Thursday, May 9th were given a dividend of $0.7008 per share. The ex-dividend date was Wednesday, May 8th. This represents a dividend yield of 1%. This is a positive change from HDFC Bank’s previous annual dividend of $0.59. HDFC Bank’s dividend payout ratio is presently 18.40%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised HDFC Bank from a “sell” rating to a “hold” rating in a report 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.