Donaldson Capital Management LLC Acquires 52,588 Shares of HDFC Bank Limited $HDB

Donaldson Capital Management LLC lifted its stake in HDFC Bank Limited (NYSE:HDB) by 29.4% during the 4th quarter, HoldingsChannel reports. The fund owned 231,267 shares of the bank’s stock after buying an additional 52,588 shares during the period. Donaldson Capital Management LLC’s holdings in HDFC Bank were worth $8,450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of HDB. NewEdge Advisors LLC grew its position in HDFC Bank by 8.6% in the 1st quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock worth $776,000 after purchasing an additional 922 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of HDFC Bank by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank’s stock valued at $58,723,000 after buying an additional 13,435 shares during the last quarter. Sivia Capital Partners LLC raised its position in shares of HDFC Bank by 24.5% during the second quarter. Sivia Capital Partners LLC now owns 7,840 shares of the bank’s stock valued at $601,000 after buying an additional 1,541 shares during the last quarter. Prudential Financial Inc. lifted its stake in shares of HDFC Bank by 0.8% in the second quarter. Prudential Financial Inc. now owns 48,658 shares of the bank’s stock valued at $3,731,000 after buying an additional 400 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its position in HDFC Bank by 464.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,484 shares of the bank’s stock worth $114,000 after buying an additional 1,221 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Price Performance

Shares of HDFC Bank stock opened at $24.35 on Monday. HDFC Bank Limited has a 52-week low of $24.30 and a 52-week high of $39.81. The firm has a market capitalization of $124.20 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.01 and a beta of 0.56. The company’s fifty day moving average price is $30.87 and its two-hundred day moving average price is $33.89.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HDB. Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings downgraded 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce”.

Insiders Place Their Bets

In related news, insider N Srinivasan sold 10,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $8.21, for a total value of $82,100.00. Following the sale, the insider owned 648,422 shares of the company’s stock, valued at $5,323,544.62. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

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).