Fifth Third Bancorp holds a $2.24 million equity position in HDFC Bank Limited (NYSE:HDB)

Fifth Third Bancorp increased its stake in shares of HDFC Bank Limited (NYSE: HDB – Get Rating) by 0.7% during the first quarter, Holdings Channel reports. The company held 36,507 shares of the bank after purchasing an additional 261 shares during the period. Fifth Third Bancorp’s holdings in HDFC Bank were worth $2,239,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently increased or reduced their stakes in the company. GQG Partners LLC increased its equity stake in HDFC Bank by 1,108.6% in Q4. GQG Partners LLC now owns 7,387,960 shares of the bank worth $480,732,000 after acquiring an additional 6,776,659 shares last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of HDFC Bank in Q4 for a value of approximately $177,729,000. Schroder Investment Management Group increased its stake in HDFC Bank shares by 36.7% in the 4th quarter. Schroder Investment Management Group now owns 9,948,908 shares of the bank worth $215,792,000 after acquiring 2,670,315 additional shares last quarter. Brown Advisory Inc. increased its holdings of HDFC Bank shares by 399.9% in Q4. Brown Advisory Inc. now owns 1,811,266 shares of the bank worth $117,860,000 after acquiring an additional 1,448,921 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in HDFC Bank shares by 16.1% in the 4th quarter. American Century Companies Inc. now owns 8,050,576 shares of the bank worth $523,851,000 after acquiring an additional 1,118,665 shares last quarter. 17.50% of the shares are currently held by institutional investors.

HDB stock opened at $55.51 on Monday. The company has a debt ratio of 0.98, a current ratio of 0.08 and a quick ratio of 0.39. The company has a 50-day moving average price of $55.27 and a 200-day moving average price of $60.94. HDFC Bank Limited has a fifty-two week low of $50.61 and a fifty-two week high of $79.39. The stock has a market capitalization of $102.00 billion, a PE ratio of 20.19, a growth price-earnings ratio of 0.79 and a beta of 0.76.

HDFC Bank (NYSE:HDB – Get Rating) last released quarterly earnings data on Monday, April 18. The bank reported earnings per share of $0.75 for the quarter, beating the consensus estimate of $0.69 by $0.06. HDFC Bank posted a net margin of 22.68% and a return on equity of 16.33%. The company had revenue of $3.82 billion in the quarter. As a group, stock analysts expect HDFC Bank Limited to post earnings per share of 3.14 for the current financial year.

The company also recently disclosed an annual dividend, which was paid on Thursday, May 12. Investors of record on Thursday, May 12 received a dividend of $0.522. This represents a return of 0.93%. The ex-dividend date was Wednesday, May 11. This is a boost from HDFC Bank’s previous annual dividend of $0.21. HDFC Bank’s payout ratio is 18.91%.

Separately, began covering HDFC Bank in a report on Thursday, March 31. They issued a “holding” rating on the stock.

HDFC Bank Company Profile (Get a rating)

HDFC Bank Limited provides various banking and financial services to individuals and businesses in India, Bahrain, Hong Kong and Dubai. It operates in Treasury, Retail Banking, Wholesale Banking, Other Banking and Unallocated segments. The company accepts Savings, Salary, Current, Rural, Public Provident, Retirement, and Demat accounts; fixed and recurring deposits; and safes; as well as offshore accounts and deposits, fixed deposit overdrafts and sweep facilities.

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Institutional ownership by quarter for HDFC Bank (NYSE:HDB)

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