Sapient Capital LLC Invests $263,000 in HDFC Bank Limited (NYSE:HDB)

Sapient Capital LLC bought a new stake in shares of HDFC Bank Limited (NYSE:HDB) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 3,925 shares of the bank’s stock, valued at approximately $263,000.

A number of other institutional investors have also bought and sold shares of HDB. M&T Bank Corp grew its stake in HDFC Bank by 32.0% during the fourth quarter. M&T Bank Corp now owns 61,632 shares of the bank’s stock valued at $4,136,000 after acquiring an additional 14,939 shares in the last quarter. Benjamin F. Edwards & Company Inc. purchased a new position in shares of HDFC Bank during the fourth quarter valued at about $277,000. Summit Global Investments increased its holdings in shares of HDFC Bank by 3.9% in the fourth quarter. Summit Global Investments now owns 76,694 shares of the bank’s stock worth $5,147,000 after purchasing an additional 2,862 shares during the last quarter. Natixis Advisors L.P. lifted its position in shares of HDFC Bank by 12.5% in the fourth quarter. Natixis Advisors L.P. now owns 1,775,664 shares of the bank’s stock worth $119,164,000 after buying an additional 196,698 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in HDFC Bank by 19.1% during the fourth quarter. First Horizon Advisors Inc. now owns 1,634 shares of the bank’s stock valued at $110,000 after buying an additional 262 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Trading Down 2.3 %

Shares of NYSE HDB opened at $56.76 on Wednesday. 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 current ratio of 0.40 and a quick ratio of 0.52. The business’s 50 day moving average is $56.74 and its two-hundred day moving average is $58.56. The stock has a market capitalization of $105.57 billion, a P/E ratio of 17.41, a PEG ratio of 1.10 and a beta of 0.85.

HDFC Bank Increases Dividend

The business also recently declared an annual dividend, which will be paid on Wednesday, May 8th. Investors of record on Thursday, May 9th will be given a $0.7008 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. This is an increase from HDFC Bank’s previous annual dividend of $0.59. This represents a yield of 1%. HDFC Bank’s dividend payout ratio (DPR) is currently 17.79%.

Analyst Upgrades and Downgrades

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