Credit Suisse AG Has $22.61 Million Stake in HDFC Bank Limited (NYSE:HDB)

Posted by on Jun 8th, 2023

Credit Suisse AG reduced its holdings in HDFC Bank Limited (NYSE:HDB – Get Rating) by 36.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 330,449 shares of the bank’s stock after selling 193,273 shares during the period. Credit Suisse AG’s holdings in HDFC Bank were worth $22,606,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Edmond DE Rothschild Holding S.A. acquired a new position in HDFC Bank during the fourth quarter worth $40,000. Penserra Capital Management LLC acquired a new stake in HDFC Bank in the 3rd quarter valued at about $35,000. Compagnie Lombard Odier SCmA bought a new position in HDFC Bank during the fourth quarter worth about $43,000. PenderFund Capital Management Ltd. acquired a new position in HDFC Bank during the third quarter worth approximately $55,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of HDFC Bank in the fourth quarter valued at approximately $47,000. Institutional investors own 17.50% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on HDFC Bank in a report on Thursday, May 18th. They set a “hold” rating for the company.

HDFC Bank Stock Performance

Shares of HDB stock opened at $64.90 on Thursday. The company has a market capitalization of $119.97 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 0.95 and a beta of 0.75. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.32. HDFC Bank Limited has a 52 week low of $51.04 and a 52 week high of $71.76. The company has a 50-day simple moving average of $67.51 and a 200 day simple moving average of $67.48.

HDFC Bank Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, May 12th. Shareholders of record on Monday, May 15th were issued a $0.5935 dividend. This represents a yield of 0.9%. This is a positive change from HDFC Bank’s previous annual dividend of $0.58. The ex-dividend date of this dividend was Friday, May 12th. HDFC Bank’s dividend payout ratio is currently 19.28%.

HDFC Bank Company Profile

(Get Rating)

HDFC Bank Ltd. engages in the provision of banking and financial services, including commercial banking and treasury operations. The firm also provides financial services to upper and middle income individuals and corporations in India. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking and Other Banking Operations.

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Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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