Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 74,529 Shares of HDFC Bank Limited $HDB

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in HDFC Bank Limited (NYSE:HDB) by 14.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 576,635 shares of the bank’s stock after purchasing an additional 74,529 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in HDFC Bank were worth $21,070,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Snowden Capital Advisors LLC lifted its position in HDFC Bank by 5.8% in the second quarter. Snowden Capital Advisors LLC now owns 5,707 shares of the bank’s stock valued at $438,000 after purchasing an additional 311 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in HDFC Bank by 0.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 74,198 shares of the bank’s stock valued at $2,711,000 after purchasing an additional 345 shares during the last quarter. Flputnam Investment Management Co. lifted its position in HDFC Bank by 2.6% in the fourth quarter. Flputnam Investment Management Co. now owns 14,363 shares of the bank’s stock valued at $525,000 after purchasing an additional 361 shares during the last quarter. Cullen Frost Bankers Inc. lifted its position in HDFC Bank by 19.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 2,330 shares of the bank’s stock valued at $85,000 after purchasing an additional 384 shares during the last quarter. Finally, Figure 8 Investment Strategies LLC lifted its position in HDFC Bank by 0.8% in the fourth quarter. Figure 8 Investment Strategies LLC now owns 48,510 shares of the bank’s stock valued at $1,773,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Down 0.0%

Shares of HDFC Bank stock opened at $23.78 on Monday. The company has a market cap of $121.29 billion, a PE ratio of 14.24, a P/E/G ratio of 1.10 and a beta of 0.65. The business has a 50 day moving average of $25.31 and a 200 day moving average of $30.80. HDFC Bank Limited has a 52 week low of $23.31 and a 52 week high of $39.81.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce”.

Insider Buying and Selling

In related news, insider N Srinivasan sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $8.72, for a total transaction of $87,200.00. Following the completion of the transaction, the insider owned 638,422 shares in the company, valued at $5,567,039.84. This represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ashish Parthasarthy sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 21st. The shares were 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 of the company’s stock, valued at approximately $7,586,108.52. This represents a 0.70% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 31,600 shares of company stock valued at $271,660. 1.00% of the stock is owned by corporate insiders.

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).