Catalytic Wealth RIA LLC Makes New Investment in HDFC Bank Limited (NYSE:HDB)

Catalytic Wealth RIA LLC acquired a new stake in shares of HDFC Bank Limited (NYSE:HDBFree Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,180 shares of the bank’s stock, valued at approximately $415,000.

Several other institutional investors also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of HDFC Bank in the 3rd quarter worth $27,000. NBC Securities Inc. acquired a new stake in HDFC Bank during the 3rd quarter worth about $29,000. Frazier Financial Advisors LLC acquired a new stake in HDFC Bank during the 4th quarter worth about $29,000. GAMMA Investing LLC acquired a new stake in HDFC Bank during the 4th quarter worth about $33,000. Finally, Parkside Financial Bank & Trust lifted its position in 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 during the period. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Read Our Latest Report on HDFC Bank

HDFC Bank Trading Up 0.4 %

NYSE HDB traded up $0.21 on Thursday, reaching $57.21. The stock had a trading volume of 3,598,754 shares, compared to its average volume of 3,243,432. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $71.39. The stock has a fifty day moving average price of $57.12 and a two-hundred day moving average price of $58.49. The company has a quick ratio of 0.52, a current ratio of 0.40 and a debt-to-equity ratio of 1.78. The firm has a market capitalization of $106.41 billion, a price-to-earnings ratio of 17.55, a P/E/G ratio of 1.08 and a beta of 0.85.

HDFC Bank (NYSE:HDBGet Free Report) last posted its quarterly earnings data on Saturday, April 20th. The bank reported $0.84 earnings per share for the quarter, topping 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 business had revenue of $9.72 billion for the quarter. As a group, sell-side analysts forecast that HDFC Bank Limited will post 3.1 EPS for the current fiscal year.

HDFC Bank Increases Dividend

The business also recently disclosed 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 currently 18.40%.

About HDFC Bank

(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.

Further Reading

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

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