HDFC Bank Ltd. (NYSE:HDB) shares reached a new 52-week high on Friday . The stock traded as high as $69.39 and last traded at $69.28, with a volume of 162,581 shares traded. The stock had previously closed at $69.05.

Separately, Zacks Investment Research raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Monday, March 28th.

The firm has a 50-day moving average of $66.39 and a 200-day moving average of $61.31. The stock has a market cap of $351.06 billion and a price-to-earnings ratio of 184.65.

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

Other institutional investors have recently added to or reduced their stakes in the company. Sawtooth Asset Management Inc. boosted its position in 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 in the last quarter. GAM Holding AG boosted its position in 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 in the last quarter. New Vernon Capital Holdings II LLC boosted its position in 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 in the last quarter. Jennison Associates LLC boosted its position 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its position in HDFC Bank by 63.5% in the fourth quarter. Principal Financial Group Inc. now owns 916,624 shares of the company’s stock valued at $56,464,000 after buying an additional 356,159 shares in 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.