MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Has $1.93 Million Position in HDFC Bank Limited (NYSE:HDB)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its stake in shares of HDFC Bank Limited (NYSE:HDB) by 46.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,511 shares of the bank’s stock after selling 29,521 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in HDFC Bank were worth $1,932,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HDB. Morgan Stanley boosted its holdings in shares of HDFC Bank by 5.1% in the 3rd quarter. Morgan Stanley now owns 14,886,302 shares of the bank’s stock valued at $878,441,000 after purchasing an additional 723,106 shares in the last quarter. FIL Ltd boosted its holdings in shares of HDFC Bank by 10.8% in the 4th quarter. FIL Ltd now owns 13,594,291 shares of the bank’s stock valued at $912,313,000 after purchasing an additional 1,326,574 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of HDFC Bank by 0.8% in the 4th quarter. Baillie Gifford & Co. now owns 9,636,983 shares of the bank’s stock valued at $646,738,000 after purchasing an additional 76,505 shares in the last quarter. Harding Loevner LP boosted its holdings in shares of HDFC Bank by 31.7% in the 4th quarter. Harding Loevner LP now owns 9,456,666 shares of the bank’s stock valued at $621,646,000 after purchasing an additional 2,276,203 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of HDFC Bank by 4.9% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,772,331 shares of the bank’s stock valued at $516,561,000 after purchasing an additional 410,884 shares in the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a report on Thursday, June 13th.

HDFC Bank Stock Up 4.5 %

Shares of HDB opened at $67.01 on Wednesday. HDFC Bank Limited has a 52 week low of $52.16 and a 52 week high of $71.39. The stock has a market capitalization of $124.62 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 1.20 and a beta of 0.92. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.52 and a current ratio of 0.40. The stock has a fifty day moving average of $58.99 and a 200-day moving average of $58.51.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, April 20th. The bank reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.13. HDFC Bank had a return on equity of 15.45% and a net margin of 15.71%. The company had revenue of $9.72 billion during the quarter. As a group, sell-side analysts anticipate that HDFC Bank Limited will post 3.1 earnings per share for the current fiscal 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 $0.7008 dividend. This represents a dividend yield of 1%. This is a boost from HDFC Bank’s previous annual dividend of $0.59. The ex-dividend date was Wednesday, May 8th. HDFC Bank’s dividend payout ratio is presently 18.40%.

HDFC Bank Profile

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.