Rathbones Group PLC Has $94.49 Million Stock Holdings in HDFC Bank Limited $HDB

Rathbones Group PLC grew its holdings in HDFC Bank Limited (NYSE:HDB) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,585,814 shares of the bank’s stock after purchasing an additional 95,284 shares during the quarter. Rathbones Group PLC owned about 0.05% of HDFC Bank worth $94,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in HDB. PineStone Asset Management Inc. increased its position in HDFC Bank by 1.9% in the 4th quarter. PineStone Asset Management Inc. now owns 8,315,726 shares of the bank’s stock valued at $303,857,000 after buying an additional 151,992 shares in the last quarter. Hudson Edge Investment Partners Inc. increased its position in HDFC Bank by 100.6% in the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 1,506,200 shares of the bank’s stock valued at $51,452,000 after buying an additional 755,200 shares in the last quarter. Jacobson & Schmitt Advisors LLC increased its position in HDFC Bank by 97.7% in the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 383,137 shares of the bank’s stock valued at $13,088,000 after buying an additional 189,303 shares in the last quarter. ABN Amro Investment Solutions increased its position in HDFC Bank by 100.0% in the 3rd quarter. ABN Amro Investment Solutions now owns 209,050 shares of the bank’s stock valued at $7,141,000 after buying an additional 104,525 shares in the last quarter. Finally, M&T Bank Corp increased its position in HDFC Bank by 788.3% in the 4th quarter. M&T Bank Corp now owns 115,126 shares of the bank’s stock valued at $4,206,000 after buying an additional 102,166 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Insider Activity at HDFC Bank

In related news, insider Ashish Parthasarthy sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $8.94, for a total value of $53,640.00. Following the transaction, the insider owned 848,558 shares in the company, valued at approximately $7,586,108.52. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider N Srinivasan sold 10,000 shares of the company’s 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 completion of 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 position. 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. 1.00% of the stock is owned by company insiders.

HDFC Bank Stock Up 1.4%

HDB stock opened at $24.61 on Thursday. The firm has a market cap of $125.53 billion, a PE ratio of 14.73, a P/E/G ratio of 1.12 and a beta of 0.68. The business has a 50 day moving average of $25.88 and a 200-day moving average of $31.38. HDFC Bank Limited has a 12-month low of $23.75 and a 12-month high of $39.81.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on HDB. Weiss Ratings lowered HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

About HDFC Bank

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).