HDFC Bank Limited (NYSE:HDB) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 185.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,169 shares of the bank’s stock after purchasing an additional 40,369 shares during the period. PNC Financial Services Group Inc.’s holdings in HDFC Bank were worth $4,172,000 as of its most recent SEC filing.

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

HDFC Bank Stock Up 2.2 %

HDB stock opened at $58.00 on Friday. HDFC Bank Limited has a one year low of $52.16 and a one year high of $71.39. The stock has a market capitalization of $107.87 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.09 and a beta of 0.85. 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 fifty day moving average of $56.97 and a 200-day moving average of $58.48.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings data on Saturday, April 20th. The bank reported $0.84 EPS for the quarter, beating 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 firm had revenue of $9.72 billion during the quarter. As a group, analysts expect that HDFC Bank Limited will post 3.1 EPS for the current year.

HDFC Bank Increases Dividend

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

Wall Street Analyst Weigh In

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

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.