GAMMA Investing LLC Takes $33,000 Position in HDFC Bank Limited (NYSE:HDB)

GAMMA Investing LLC purchased a new position in HDFC Bank Limited (NYSE:HDB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 498 shares of the bank’s stock, valued at approximately $33,000.

Several other institutional investors also recently modified their holdings of HDB. Skandinaviska Enskilda Banken AB publ bought a new position in shares of HDFC Bank during the third quarter worth about $27,000. NBC Securities Inc. bought a new position in shares of HDFC Bank in the third quarter valued at about $29,000. Parkside Financial Bank & Trust raised its holdings in HDFC Bank by 89.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 615 shares of the bank’s stock valued at $41,000 after acquiring an additional 291 shares during the period. Signaturefd LLC lifted its holdings in HDFC Bank by 44.7% during the 3rd quarter. Signaturefd LLC now owns 848 shares of the bank’s stock worth $50,000 after purchasing an additional 262 shares during the last quarter. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of HDFC Bank during the fourth quarter worth $136,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Performance

Shares of HDFC Bank stock opened at $58.51 on Monday. The firm has a market capitalization of $108.82 billion, a P/E ratio of 17.95, a P/E/G ratio of 1.10 and a beta of 0.85. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week 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 company’s 50 day moving average price is $56.60 and its two-hundred day moving average price is $58.56.

HDFC Bank Increases Dividend

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

Wall Street Analyst Weigh In

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

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.