HDFC Bank Limited (NYSE:HDB) Shares Bought by Logan Capital Management Inc.

Logan Capital Management Inc. lifted its stake in shares of HDFC Bank Limited (NYSE:HDBFree Report) by 5.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,056 shares of the bank’s stock after buying an additional 1,176 shares during the quarter. Logan Capital Management Inc.’s holdings in HDFC Bank were worth $1,413,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Baillie Gifford & Co. lifted its position in shares of 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 last quarter. Royal London Asset Management Ltd. boosted its holdings in shares of HDFC Bank by 234.1% in the 4th quarter. Royal London Asset Management Ltd. now owns 6,690,063 shares of the bank’s stock valued at $448,970,000 after buying an additional 4,687,487 shares in the last quarter. Brown Advisory Inc. boosted its stake in HDFC Bank by 82.9% in the fourth quarter. Brown Advisory Inc. now owns 4,589,266 shares of the bank’s stock valued at $307,986,000 after acquiring an additional 2,079,942 shares in the last quarter. Hardman Johnston Global Advisors LLC lifted its holdings 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 valued at $136,379,000 after purchasing an additional 1,814,263 shares during the last quarter. Finally, Aikya Investment Management Ltd purchased a new position in HDFC Bank during the 4th quarter worth approximately $77,036,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on HDFC Bank

HDFC Bank Stock Performance

Shares of HDB stock opened at $59.08 on Tuesday. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $71.39. The company has a quick ratio of 0.52, a current ratio of 0.40 and a debt-to-equity ratio of 1.78. The stock’s 50-day moving average price is $57.58 and its 200 day moving average price is $58.51. The stock has a market capitalization of $109.88 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 1.10 and a beta of 0.91.

HDFC Bank (NYSE:HDBGet Free Report) last announced its quarterly earnings data on Saturday, April 20th. The bank reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.13. The company had revenue of $9.72 billion for the quarter. HDFC Bank had a net margin of 15.71% and a return on equity of 15.45%. As a group, equities research analysts forecast that HDFC Bank Limited will post 3.12 EPS for the current year.

HDFC Bank Increases Dividend

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

HDFC Bank Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

Receive News & Ratings for HDFC Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HDFC Bank and related companies with's FREE daily email newsletter.