Logan Capital Management Inc. Has $1.41 Million Position in HDFC Bank Limited (NYSE:HDB)

Logan Capital Management Inc. increased its position in shares of HDFC Bank Limited (NYSE:HDBFree Report) by 5.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 21,056 shares of the bank’s stock after purchasing an additional 1,176 shares during the period. Logan Capital Management Inc.’s holdings in HDFC Bank were worth $1,413,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in HDB. Envestnet Portfolio Solutions Inc. increased its stake in shares of HDFC Bank by 0.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,404 shares of the bank’s stock valued at $1,504,000 after purchasing an additional 183 shares during the last quarter. Endowment Wealth Management Inc. boosted its holdings in shares of HDFC Bank by 4.6% during the 4th quarter. Endowment Wealth Management Inc. now owns 4,166 shares of the bank’s stock valued at $280,000 after acquiring an additional 184 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of HDFC Bank by 2.3% during the fourth quarter. Private Advisor Group LLC now owns 9,853 shares of the bank’s stock valued at $661,000 after purchasing an additional 218 shares in the last quarter. GSB Wealth Management LLC grew its holdings in HDFC Bank by 1.9% during the 3rd quarter. GSB Wealth Management LLC now owns 13,575 shares of the bank’s stock worth $801,000 after acquiring an additional 253 shares during the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of HDFC Bank by 2.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 9,816 shares of the bank’s stock worth $659,000 after purchasing an additional 253 shares during the last quarter. 17.61% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, May 10th.

View Our Latest Stock Report on HDB

HDFC Bank Trading Down 0.0 %

NYSE:HDB opened at $59.08 on Tuesday. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week 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 firm’s fifty day moving average is $57.58 and its 200-day moving average is $58.51. The firm has a market cap of $109.88 billion, a P/E ratio of 18.12, a P/E/G ratio of 1.10 and a beta of 0.91.

HDFC Bank (NYSE:HDBGet Free Report) last issued its quarterly earnings results on Saturday, April 20th. The bank reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. HDFC Bank had a net margin of 15.71% and a return on equity of 15.45%. The business had revenue of $9.72 billion for the quarter. Equities analysts expect that HDFC Bank Limited will post 3.12 earnings per share for the current year.

HDFC Bank Increases Dividend

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

HDFC Bank Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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