HDFC Bank Limited (NYSE:HDB) Shares Acquired by Assetmark Inc.

Assetmark Inc. raised its stake in shares of HDFC Bank Limited (NYSE:HDB) by 8.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,856 shares of the bank’s stock after buying an additional 1,945 shares during the quarter. Assetmark Inc.’s holdings in HDFC Bank were worth $1,601,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HDB. Baillie Gifford & Co. grew its holdings in HDFC Bank by 183.8% during the 3rd quarter. Baillie Gifford & Co. now owns 9,560,478 shares of the bank’s stock valued at $564,164,000 after buying an additional 6,191,548 shares during the last quarter. Brown Advisory Inc. grew its holdings in HDFC Bank by 82.9% during the 4th quarter. Brown Advisory Inc. now owns 4,589,266 shares of the bank’s stock valued at $307,986,000 after buying an additional 2,079,942 shares during the last quarter. Hardman Johnston Global Advisors LLC grew its holdings in HDFC Bank by 832.6% during the 4th quarter. Hardman Johnston Global Advisors LLC now owns 2,032,170 shares of the bank’s stock valued at $136,379,000 after buying an additional 1,814,263 shares during the last quarter. Aikya Investment Management Ltd acquired a new stake in HDFC Bank during the 4th quarter valued at $77,036,000. Finally, Wellington Management Group LLP grew its holdings in HDFC Bank by 51.6% during the 3rd quarter. Wellington Management Group LLP now owns 2,457,211 shares of the bank’s stock valued at $145,000,000 after buying an additional 836,449 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded HDFC Bank from a “sell” rating to a “hold” rating in a report on Friday, May 10th.

HDFC Bank Trading Up 2.2 %

Shares of HDFC Bank stock opened at $58.00 on Friday. HDFC Bank Limited has a fifty-two week low of $52.16 and a fifty-two week high of $71.39. The firm has a market cap of $107.87 billion, a PE ratio of 17.79, a P/E/G ratio of 1.09 and a beta of 0.85. The business’s fifty day moving average is $56.97 and its two-hundred day moving average is $58.48. The company has a quick ratio of 0.52, a current ratio of 0.40 and a debt-to-equity ratio of 1.78.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Saturday, April 20th. The bank reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.13. HDFC Bank had a return on equity of 15.45% and a net margin of 15.71%. The company had revenue of $9.72 billion for the quarter. Analysts anticipate that HDFC Bank Limited will post 3.1 earnings per share for the current year.

HDFC Bank Increases Dividend

The firm also recently declared an annual dividend, which was paid on Wednesday, May 8th. Shareholders of record on Thursday, May 9th were paid a dividend of $0.7008 per share. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Wednesday, May 8th. This is a positive change from HDFC Bank’s previous annual dividend of $0.59. HDFC Bank’s dividend payout ratio is currently 18.40%.

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.