HDFC Bank Limited (NYSE:HDB) Shares Purchased by Thornburg Investment Management Inc.

Thornburg Investment Management Inc. boosted its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 13.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 462,410 shares of the bank's stock after purchasing an additional 53,674 shares during the quarter. Thornburg Investment Management Inc.'s holdings in HDFC Bank were worth $30,967,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baillie Gifford & Co. boosted its position in HDFC Bank by 183.8% during the third quarter. Baillie Gifford & Co. now owns 9,560,478 shares of the bank's stock worth $564,164,000 after acquiring an additional 6,191,548 shares during the last quarter. Hardman Johnston Global Advisors LLC increased its holdings in shares of HDFC Bank by 832.6% in the fourth quarter. Hardman Johnston Global Advisors LLC now owns 2,032,170 shares of the bank's stock valued at $136,379,000 after purchasing an additional 1,814,263 shares during the last quarter. Aikya Investment Management Ltd purchased a new position in HDFC Bank during the fourth quarter worth approximately $77,036,000. Wellington Management Group LLP boosted its stake in HDFC Bank by 51.6% during the third quarter. Wellington Management Group LLP now owns 2,457,211 shares of the bank's stock worth $145,000,000 after buying an additional 836,449 shares during the last quarter. Finally, Royal London Asset Management Ltd. grew its holdings in HDFC Bank by 57.8% in the 3rd quarter. Royal London Asset Management Ltd. now owns 2,002,576 shares of the bank's stock valued at $118,192,000 after buying an additional 733,492 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a report on Friday.

HDFC Bank Trading Up 0.1 %

HDB stock traded up $0.05 during midday trading on Tuesday, hitting $55.95. 1,754,506 shares of the company's stock were exchanged, compared to its average volume of 3,407,941. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $71.39. The business has a 50-day simple moving average of $56.87 and a two-hundred day simple moving average of $58.52. The stock has a market capitalization of $104.06 billion, a PE ratio of 17.15, a P/E/G ratio of 1.04 and a beta of 0.85. The company has a current ratio of 0.40, a quick ratio of 0.52 and a debt-to-equity ratio of 1.78.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Saturday, April 20th. The bank reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.13. The company had revenue of $9.72 billion during the quarter. HDFC Bank had a net margin of 15.71% and a return on equity of 15.45%. On average, sell-side analysts predict that HDFC Bank Limited will post 3.1 EPS for the current fiscal year.

HDFC Bank Increases Dividend

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

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.

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