HDFC Bank Ltd. (NYSE:HDB) shares reached a new 52-week high on Thursday . The stock traded as high as $68.44 and last traded at $68.26, with a volume of 112,409 shares traded. The stock had previously closed at $67.42.

Separately, Zacks Investment Research upgraded shares of 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 $346.46 billion and a P/E ratio of 184.19. The firm has a 50-day moving average of $65.84 and a 200-day moving average of $61.02.

The firm also recently disclosed a dividend, which was paid on Wednesday, June 29th. Investors of record on Wednesday, June 29th were issued a $0.403 dividend. The ex-dividend date of this dividend was Monday, June 27th.

A number of large investors have added to or reduced their stakes in HDB. Jennison Associates LLC increased its stake in HDFC Bank by 6,604.4% in the fourth quarter. Jennison Associates LLC now owns 220,574 shares of the company’s stock valued at $13,587,000 after buying an additional 217,284 shares during the last quarter. Egerton Capital UK LLP boosted its position in shares of HDFC Bank by 12.8% in the fourth quarter. Egerton Capital UK LLP now owns 1,082,728 shares of the company’s stock valued at $66,696,000 after buying an additional 122,601 shares during the last quarter. New Vernon Capital Holdings II LLC boosted its position 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 last quarter. Schroder Investment Management Group boosted its position in shares of HDFC Bank by 4.5% in the fourth quarter. Schroder Investment Management Group now owns 5,658,292 shares of the company’s stock valued at $348,551,000 after buying an additional 241,963 shares during the last quarter. Finally, WCM Investment Management CA boosted its position in shares of HDFC Bank by 19.8% in the fourth quarter. WCM Investment Management CA now owns 3,365,222 shares of the company’s stock valued at $207,297,000 after buying an additional 556,755 shares during the last quarter.

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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