Allspring Global Investments Holdings LLC Lowers Position in HDFC Bank Limited $HDB

Allspring Global Investments Holdings LLC cut its position in shares of HDFC Bank Limited (NYSE:HDB) by 3.5% during the 4th quarter, HoldingsChannel reports. The firm owned 2,204,370 shares of the bank’s stock after selling 80,134 shares during the period. Allspring Global Investments Holdings LLC’s holdings in HDFC Bank were worth $80,415,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on HDB. Weiss Ratings downgraded HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Wall Street Zen upgraded HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

HDFC Bank News Summary

Here are the key news stories impacting HDFC Bank this week:

• Positive Sentiment: Board likely to back CEO Sashidhar Jagdishan for another term, reducing near‑term leadership uncertainty and supporting investor confidence. HDFC Bank Board Likely To Back Sashidhar Jagdishan For Another CEO Term, Say Sources
• Positive Sentiment: Brokerages including JPMorgan/Jefferies see valuation upside after the stock’s sharp correction, prompting upgrades and buy-side interest that can drive a technical rebound. HDFC Bank falls, but JPMorgan, Jefferies see valuation upside
• Neutral Sentiment: Discussion in some market writeups about broader indices and international investor focus could increase attention but doesn’t immediately change fundamentals. Is S & P 500 Watching HDFC Bank?
• Negative Sentiment: The chairman’s sudden exit has been widely reported as exposing leadership strains and previously triggered a large market rout, keeping governance risk front‑of‑mind for investors. HDFC Bank chairman’s sudden exit exposes leadership strains at top Indian lender
• Negative Sentiment: Ex‑chair Atanu Chakraborty has publicly raised concerns about ‘incongruence’ and cited values/ethics as a driver for his exit, reinforcing governance questions that could weigh on sentiment until clarity is restored. Ex-HDFC chair cites values and ethics concerns as drivers behind exit

Insider Buying and Selling at HDFC Bank

In related news, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $8.21, for a total transaction of $82,100.00. Following the completion of the sale, the insider owned 648,422 shares of the company’s stock, valued at $5,323,544.62. This trade represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is owned by company insiders.

HDFC Bank Stock Performance

NYSE:HDB opened at $24.85 on Wednesday. The firm has a market cap of $126.75 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.00 and a beta of 0.56. HDFC Bank Limited has a fifty-two week low of $23.91 and a fifty-two week high of $39.81. The firm has a 50-day simple moving average of $30.54 and a two-hundred day simple moving average of $33.74.

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).