Capital World Investors Has $230.86 Million Stake in HDFC Bank Limited (NYSE:HDB)

Capital World Investors grew its stake in HDFC Bank Limited (NYSE:HDB) by 208.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,124,751 shares of the bank’s stock after purchasing an additional 2,788,197 shares during the period. Capital World Investors owned about 0.22% of HDFC Bank worth $230,862,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Breakout Capital Partners LP acquired a new stake in HDFC Bank in the 4th quarter worth $18,894,000. CIBC Private Wealth Group LLC boosted its position in shares of HDFC Bank by 2.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 929,921 shares of the bank’s stock valued at $62,407,000 after acquiring an additional 21,265 shares in the last quarter. Truist Financial Corp boosted its position in shares of HDFC Bank by 17.7% during the 4th quarter. Truist Financial Corp now owns 39,606 shares of the bank’s stock valued at $2,658,000 after acquiring an additional 5,953 shares in the last quarter. Sei Investments Co. boosted its position in shares of HDFC Bank by 0.8% during the 4th quarter. Sei Investments Co. now owns 1,661,176 shares of the bank’s stock valued at $111,481,000 after acquiring an additional 13,610 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of HDFC Bank during the 4th quarter valued at about $1,818,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HDB has been the topic of several recent research reports. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th.

HDFC Bank Price Performance

NYSE:HDB traded up $0.44 on Friday, reaching $60.64. The stock had a trading volume of 1,139,175 shares, compared to its average volume of 2,682,040. The company has a market capitalization of $112.79 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.65 and a beta of 0.93. HDFC Bank Limited has a 1-year low of $52.16 and a 1-year high of $70.54. The company has a quick ratio of 0.52, a current ratio of 0.51 and a debt-to-equity ratio of 1.37. The stock has a fifty day moving average price of $60.65 and a 200-day moving average price of $57.97.

HDFC Bank (NYSE:HDB) last announced its earnings results on Monday, July 22nd. The bank reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.27. HDFC Bank had a net margin of 14.69% and a return on equity of 14.79%. The company had revenue of $14.03 billion during the quarter, compared to the consensus estimate of $4.81 billion. Research analysts forecast that HDFC Bank Limited will post 2.88 EPS for the current year.

HDFC Bank Increases Dividend

The business also recently announced an annual dividend, which was paid on Wednesday, May 8th. Shareholders of record on Thursday, May 9th were paid a $0.7008 dividend. The ex-dividend date of this dividend was Wednesday, May 8th. This is an increase from HDFC Bank’s previous annual dividend of $0.59. This represents a dividend yield of 1%. HDFC Bank’s payout ratio is currently 18.10%.

About HDFC Bank

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.