Marathon Asset Management Ltd Has $35.56 Million Stake in HDFC Bank Limited $HDB

Marathon Asset Management Ltd lifted its position in shares of HDFC Bank Limited (NYSE:HDB) by 10.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 973,218 shares of the bank’s stock after purchasing an additional 94,280 shares during the quarter. HDFC Bank accounts for 1.4% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 28th largest holding. Marathon Asset Management Ltd’s holdings in HDFC Bank were worth $35,561,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Schroder Investment Management Group lifted its stake in shares of HDFC Bank by 137.6% in the third quarter. Schroder Investment Management Group now owns 25,221,130 shares of the bank’s stock valued at $861,554,000 after buying an additional 14,606,422 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of HDFC Bank by 104.4% during 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. Franklin Resources Inc. raised its holdings in shares of HDFC Bank by 106.1% in the 3rd 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 during the last quarter. Wellington Management Group LLP lifted its position in HDFC Bank by 94.3% in the 3rd quarter. Wellington Management Group LLP now owns 13,155,196 shares of the bank’s stock valued at $449,381,000 after acquiring an additional 6,386,002 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its position in HDFC Bank by 6.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 12,392,854 shares of the bank’s stock valued at $452,835,000 after acquiring an additional 791,226 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Down 1.6%

Shares of NYSE:HDB opened at $24.23 on Wednesday. The stock has a market cap of $123.58 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 1.14 and a beta of 0.68. HDFC Bank Limited has a 12-month low of $23.75 and a 12-month high of $39.81. The business’s 50 day moving average is $25.98 and its 200 day moving average is $31.47.

Insider Activity at HDFC Bank

In related news, insider Ashish Parthasarthy sold 6,000 shares of HDFC Bank stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $8.94, for a total transaction of $53,640.00. Following the transaction, the insider owned 848,558 shares of the company’s stock, valued at $7,586,108.52. The trade was a 0.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider N Srinivasan sold 10,000 shares of HDFC Bank stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $8.72, for a total value of $87,200.00. Following the transaction, the insider directly owned 638,422 shares in the company, valued at approximately $5,567,039.84. The trade was a 1.54% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 31,600 shares of company stock worth $271,660. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

HDB has been the topic of several recent research reports. Wall Street Zen raised 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 investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, HDFC Bank currently has an average rating of “Reduce”.

HDFC Bank Company 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).