HDFC Bank Limited (NYSE:HDB) Shares Sold by Henry James International Management Inc.

Henry James International Management Inc. reduced its position in HDFC Bank Limited (NYSE:HDB) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 46,624 shares of the bank’s stock after selling 427 shares during the quarter. HDFC Bank comprises about 1.2% of Henry James International Management Inc.’s portfolio, making the stock its 25th biggest 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).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of HDFC Bank during the 3rd quarter worth about $27,000. NBC Securities Inc. purchased a new position in HDFC Bank during the third quarter worth approximately $29,000. GAMMA Investing LLC acquired a new stake in HDFC Bank in the fourth quarter valued at approximately $33,000. FinTrust Capital Advisors LLC increased its position in shares of HDFC Bank by 36.4% in the third quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank’s stock valued at $41,000 after buying an additional 185 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised 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 buying an additional 291 shares during the period. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

Shares of HDB traded down $0.36 during mid-day trading on Friday, hitting $58.51. 3,785,443 shares of the company were exchanged, compared to its average volume of 2,615,206. The stock has a market cap of $108.82 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 1.10 and a beta of 0.85. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $71.39. The company has a 50 day moving average of $56.60 and a 200-day moving average of $58.55. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.40.

HDFC Bank Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Wednesday, May 8th. Investors of record on Thursday, May 9th will be paid 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 is Wednesday, May 8th. HDFC Bank’s dividend payout ratio is currently 17.79%.

Wall Street Analyst Weigh In

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

HDFC Bank Company Profile

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.