HDFC Bank Limited (NYSE:HDB) Shares Acquired by M&G Investment Management Ltd.

M&G Investment Management Ltd. grew its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,269,528 shares of the bank's stock after buying an additional 66,389 shares during the quarter. M&G Investment Management Ltd. owned approximately 0.07% of HDFC Bank worth $85,058,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. grew its position in shares of HDFC Bank by 0.8% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 22,404 shares of the bank's stock worth $1,504,000 after purchasing an additional 183 shares in the last quarter. Endowment Wealth Management Inc. grew its position in shares of HDFC Bank by 4.6% during the fourth quarter. Endowment Wealth Management Inc. now owns 4,166 shares of the bank's stock worth $280,000 after purchasing an additional 184 shares in the last quarter. Private Advisor Group LLC grew its position in shares of HDFC Bank by 2.3% during the fourth quarter. Private Advisor Group LLC now owns 9,853 shares of the bank's stock worth $661,000 after purchasing an additional 218 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of HDFC Bank by 3.9% during the third quarter. Commonwealth Equity Services LLC now owns 6,556 shares of the bank's stock worth $387,000 after purchasing an additional 245 shares in the last quarter. Finally, GSB Wealth Management LLC grew its position in shares of HDFC Bank by 1.9% during the third quarter. GSB Wealth Management LLC now owns 13,575 shares of the bank's stock worth $801,000 after purchasing an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company's stock.

Wall Street Analysts Forecast Growth

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

HDFC Bank Price Performance

HDFC Bank stock traded down $0.30 during midday trading on Wednesday, reaching $55.66. 1,571,738 shares of the stock traded hands, compared to its average volume of 3,388,407. The stock's fifty day moving average is $56.89 and its 200-day moving average is $58.52. HDFC Bank Limited has a 12 month low of $52.16 and a 12 month high of $71.39. The stock has a market cap of $103.51 billion, a P/E ratio of 17.02, a PEG ratio of 1.05 and a beta of 0.85. 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 - Get Free Report) last announced its quarterly earnings results on Saturday, April 20th. The bank reported $0.84 EPS for the quarter, beating 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 during the quarter. As a group, equities research analysts anticipate that HDFC Bank Limited will post 3.1 EPS for the current year.

HDFC Bank Increases Dividend

The company also recently declared an annual dividend, which was paid on Wednesday, May 8th. Investors of record on Thursday, May 9th were paid a dividend of $0.7008 per share. 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. This represents a yield of 1%. HDFC Bank's dividend payout ratio is presently 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.