HDFC Bank Limited $HDB Stock Position Increased by ABN Amro Investment Solutions

ABN Amro Investment Solutions boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 332.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 903,026 shares of the bank’s stock after acquiring an additional 693,976 shares during the quarter. ABN Amro Investment Solutions’ holdings in HDFC Bank were worth $32,997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HDB. Schroder Investment Management Group raised its position in HDFC Bank by 137.6% in the third quarter. Schroder Investment Management Group now owns 25,221,130 shares of the bank’s stock worth $861,554,000 after acquiring an additional 14,606,422 shares in the last quarter. JPMorgan Chase & Co. raised its position in HDFC Bank by 104.4% in the third quarter. JPMorgan Chase & Co. now owns 19,204,783 shares of the bank’s stock worth $656,035,000 after acquiring an additional 9,808,890 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in HDFC Bank by 9,866.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,944,403 shares of the bank’s stock worth $271,381,000 after acquiring an additional 7,864,692 shares in the last quarter. Franklin Resources Inc. raised its position in HDFC Bank by 106.1% in the third quarter. Franklin Resources Inc. now owns 13,884,943 shares of the bank’s stock worth $474,310,000 after acquiring an additional 7,147,440 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in HDFC Bank by 94.3% in the third quarter. Wellington Management Group LLP now owns 13,155,196 shares of the bank’s stock worth $449,381,000 after acquiring an additional 6,386,002 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

HDB has been the topic of several research reports. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings cut shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, HDFC Bank presently has an average rating of “Reduce”.

HDFC Bank Trading Up 1.4%

Shares of HDFC Bank stock opened at $24.61 on Thursday. The stock has a 50-day moving average price of $25.88 and a 200 day moving average price of $31.38. The company has a market cap of $125.53 billion, a P/E ratio of 14.73, a P/E/G ratio of 1.12 and a beta of 0.68. HDFC Bank Limited has a 1 year low of $23.75 and a 1 year high of $39.81.

Insider Activity

In related news, insider Ashish Parthasarthy sold 5,600 shares of the stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $8.70, for a total value of $48,720.00. Following the completion of the sale, the insider directly owned 842,958 shares of the company’s stock, valued at approximately $7,333,734.60. This represents a 0.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider N Srinivasan sold 10,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $8.72, for a total value of $87,200.00. Following the completion of the sale, the insider directly owned 638,422 shares of the company’s stock, valued at approximately $5,567,039.84. This represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 31,600 shares of company stock valued at $271,660. Company insiders own 1.00% of the company’s stock.

HDFC Bank Profile

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).