HDFC Bank Limited (NYSE:HDB) Shares Purchased by Pzena Investment Management LLC

Pzena Investment Management LLC boosted its stake in HDFC Bank Limited (NYSE:HDB) by 0.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 284,060 shares of the bank’s stock after acquiring an additional 477 shares during the period. Pzena Investment Management LLC’s holdings in HDFC Bank were worth $15,899,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Frazier Financial Advisors LLC purchased a new stake in shares of HDFC Bank during the 4th quarter worth approximately $29,000. GAMMA Investing LLC purchased a new stake in shares of HDFC Bank during the 4th quarter worth approximately $33,000. Northwest Investment Counselors LLC purchased a new stake in shares of HDFC Bank during the 1st quarter worth approximately $34,000. Parkside Financial Bank & Trust boosted its stake in shares of HDFC Bank by 89.8% during the 4th quarter. Parkside Financial Bank & Trust now owns 615 shares of the bank’s stock worth $41,000 after acquiring an additional 291 shares in the last quarter. Finally, Janiczek Wealth Management LLC purchased a new stake in shares of HDFC Bank during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered HDFC Bank from a “hold” rating to a “sell” rating in a research note on Thursday, June 13th.

HDFC Bank Price Performance

HDB stock traded down $0.94 on Wednesday, reaching $60.35. The company had a trading volume of 2,341,362 shares, compared to its average volume of 3,227,627. HDFC Bank Limited has a 1 year low of $52.16 and a 1 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 company’s fifty day moving average is $59.71 and its 200 day moving average is $58.42. The company has a market cap of $112.25 billion, a P/E ratio of 18.52, a PEG ratio of 1.16 and a beta of 0.93.

HDFC Bank (NYSE:HDB) last posted its earnings results on Saturday, April 20th. The bank reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. HDFC Bank had a return on equity of 15.45% and a net margin of 15.71%. The firm had revenue of $9.72 billion for the quarter. On average, research analysts forecast that HDFC Bank Limited will post 3.1 earnings per share for the current year.

HDFC Bank Increases Dividend

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

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.