HDFC Bank Ltd. (HDB) Hits New 1-Year High at $67.46
HDFC Bank Ltd. (NYSE:HDB) shares hit a new 52-week high on Friday . The company traded as high as $67.46 and last traded at $67.42, with a volume of 269,140 shares changing hands. The stock had previously closed at $66.17.
Separately, Zacks Investment Research raised HDFC Bank from a “sell” rating to a “hold” rating in a research report on Monday, March 28th.
The company has a market cap of $340.50 billion and a P/E ratio of 180.78. The company’s 50-day moving average is $65.22 and its 200-day moving average is $60.75.
The business also recently declared a dividend, which was paid on Wednesday, June 29th. Shareholders of record on Wednesday, June 29th were issued a $0.403 dividend. The ex-dividend date of this dividend was Monday, June 27th.
Several hedge funds and institutional investors recently bought and sold shares of HDB. Great West Life Assurance Co. Can bought a new position in HDFC Bank during the fourth quarter valued at about $1,791,000. Sawtooth Asset Management Inc. increased its stake in shares of HDFC Bank by 3,496.0% in the fourth quarter. Sawtooth Asset Management Inc. now owns 33,119 shares of the company’s stock valued at $2,040,000 after buying an additional 32,198 shares during the period. GAM Holding AG increased its stake in shares of HDFC Bank by 157.1% in the fourth quarter. GAM Holding AG now owns 57,600 shares of the company’s stock valued at $3,548,000 after buying an additional 35,200 shares during the period. New Vernon Capital Holdings II LLC increased its stake in shares of HDFC Bank by 110.6% in the fourth quarter. New Vernon Capital Holdings II LLC now owns 66,636 shares of the company’s stock valued at $4,105,000 after buying an additional 35,000 shares during the period. Finally, Comerica Bank increased its stake in shares of HDFC Bank by 14.4% in the fourth quarter. Comerica Bank now owns 83,740 shares of the company’s stock valued at $4,898,000 after buying an additional 10,556 shares during the period.
HDFC Bank Limited (HDFC Bank) is a banking company. The Bank is engaged in providing a range of banking and financial services including commercial banking and treasury operations. It operates in four segments: Treasury, Retail Banking, Wholesale banking and other banking business. The treasury segment primarily consists of net interest earnings from the Bank’s investment portfolio, money market borrowing and lending, gains or losses on investment operations.
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