Mawer Investment Management Ltd. Grows Stock Holdings in HDFC Bank Limited $HDB

Mawer Investment Management Ltd. boosted its holdings in HDFC Bank Limited (NYSE:HDB) by 7.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,187,295 shares of the bank’s stock after buying an additional 218,865 shares during the period. Mawer Investment Management Ltd.’s holdings in HDFC Bank were worth $116,464,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. PineStone Asset Management Inc. grew its position in shares of HDFC Bank by 1.9% during the 4th quarter. PineStone Asset Management Inc. now owns 8,315,726 shares of the bank’s stock valued at $303,857,000 after purchasing an additional 151,992 shares in the last quarter. Jacobson & Schmitt Advisors LLC grew its position in shares of HDFC Bank by 97.7% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 383,137 shares of the bank’s stock valued at $13,088,000 after purchasing an additional 189,303 shares in the last quarter. ABN Amro Investment Solutions grew its position in shares of HDFC Bank by 100.0% during the 3rd quarter. ABN Amro Investment Solutions now owns 209,050 shares of the bank’s stock valued at $7,141,000 after purchasing an additional 104,525 shares in the last quarter. M&T Bank Corp grew its position in shares of HDFC Bank by 788.3% during the 4th quarter. M&T Bank Corp now owns 115,126 shares of the bank’s stock valued at $4,206,000 after purchasing an additional 102,166 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in shares of HDFC Bank by 102.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 2,369,307 shares of the bank’s stock valued at $80,936,000 after purchasing an additional 1,199,084 shares in the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce”.

HDFC Bank Trading Down 0.9%

HDB opened at $23.57 on Tuesday. The company has a market cap of $120.24 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.10 and a beta of 0.65. The business’s 50-day moving average price is $25.26 and its 200-day moving average price is $30.71. HDFC Bank Limited has a 12 month low of $23.31 and a 12 month high of $39.81.

Insider Activity

In other news, insider N Srinivasan sold 10,000 shares of HDFC Bank 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 transaction, the insider owned 638,422 shares in the company, valued at approximately $5,567,039.84. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashish Parthasarthy sold 6,000 shares of the company’s stock in a transaction dated Tuesday, April 21st. The shares were sold at an average price of $8.94, for a total transaction of $53,640.00. Following the transaction, the insider directly owned 848,558 shares of the company’s stock, valued at approximately $7,586,108.52. This trade represents a 0.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 31,600 shares of company stock worth $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).