Fisher Asset Management LLC Has $284.62 Million Holdings in HDFC Bank Limited (NYSE:HDB)

Fisher Asset Management LLC cut its position in HDFC Bank Limited (NYSE:HDB) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,241,149 shares of the bank’s stock after selling 67,930 shares during the quarter. Fisher Asset Management LLC owned approximately 0.23% of HDFC Bank worth $284,624,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HDB. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of HDFC Bank by 0.8% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 22,404 shares of the bank’s stock worth $1,504,000 after acquiring an additional 183 shares during the period. Endowment Wealth Management Inc. lifted 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 worth $280,000 after acquiring an additional 184 shares during the period. Private Advisor Group LLC lifted its holdings in shares of HDFC Bank by 2.3% during the 4th quarter. Private Advisor Group LLC now owns 9,853 shares of the bank’s stock worth $661,000 after acquiring an additional 218 shares during the period. GSB Wealth Management LLC lifted its holdings in shares of 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 period. Finally, Verdence Capital Advisors LLC lifted its holdings in shares of HDFC Bank by 2.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 9,816 shares of the bank’s stock worth $659,000 after acquiring an additional 253 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Price Performance

HDB traded up $0.41 during midday trading on Friday, hitting $60.66. The company had a trading volume of 1,799,528 shares, compared to its average volume of 2,489,927. HDFC Bank Limited has a twelve month low of $52.16 and a twelve month high of $71.39. The firm’s 50-day simple moving average is $57.75 and its 200-day simple moving average is $58.52. 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 has a market capitalization of $112.82 billion, a PE ratio of 18.61, a P/E/G ratio of 1.13 and a beta of 0.91.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, April 20th. The bank reported $0.84 EPS for the quarter, topping the consensus estimate of $0.71 by $0.13. HDFC Bank had a net margin of 15.71% and a return on equity of 15.45%. The company had revenue of $9.72 billion during the quarter. Equities research analysts predict that HDFC Bank Limited will post 3.12 EPS for the current fiscal year.

HDFC Bank Increases Dividend

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

Analyst Ratings Changes

Separately, StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Thursday.

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.