HDFC Bank Limited (NYSE:HDB) Shares Sold by Todd Asset Management LLC

Todd Asset Management LLC cut its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 283,139 shares of the bank's stock after selling 53,038 shares during the period. Todd Asset Management LLC's holdings in HDFC Bank were worth $19,001,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its position in shares of HDFC Bank by 3.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the bank's stock worth $387,000 after buying an additional 245 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its position in HDFC Bank by 1,947.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 206,848 shares of the bank's stock valued at $12,206,000 after purchasing an additional 196,744 shares during the period. FinTrust Capital Advisors LLC raised its holdings in HDFC Bank by 36.4% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 693 shares of the bank's stock worth $41,000 after purchasing an additional 185 shares in the last quarter. Raymond James & Associates lifted its position in shares of HDFC Bank by 0.7% in the 3rd quarter. Raymond James & Associates now owns 537,535 shares of the bank's stock worth $31,720,000 after purchasing an additional 3,892 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of HDFC Bank by 9.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,504,583 shares of the bank's stock valued at $147,795,000 after purchasing an additional 225,004 shares in the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Monday, April 22nd.

HDFC Bank Stock Down 0.6 %

HDB traded down $0.36 during trading on Friday, reaching $58.51. The stock had a trading volume of 3,785,443 shares, compared to its average volume of 2,615,206. The company has a current ratio of 0.40, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78. The company has a market capitalization of $108.82 billion, a price-to-earnings ratio of 17.95, a P/E/G ratio of 1.10 and a beta of 0.85. The stock's 50 day moving average is $56.60 and its two-hundred day moving average is $58.55. HDFC Bank Limited has a one year low of $52.16 and a one year high of $71.39.

HDFC Bank Increases Dividend

The firm 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 dividend of $0.7008 per share. The ex-dividend date of this dividend is Wednesday, May 8th. This represents a yield of 1%. This is a positive change from HDFC Bank's previous annual dividend of $0.59. HDFC Bank's payout ratio is presently 17.79%.

HDFC Bank 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.