150,511 Shares in HDFC Bank Limited $HDB Purchased by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. bought a new position in shares of HDFC Bank Limited (NYSE:HDB) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 150,511 shares of the bank’s stock, valued at approximately $5,500,000.

Other hedge funds have also made changes to their positions in the company. Schroder Investment Management Group grew its holdings in HDFC Bank by 137.6% during the 3rd quarter. Schroder Investment Management Group now owns 25,221,130 shares of the bank’s stock worth $861,554,000 after acquiring an additional 14,606,422 shares during the last quarter. JPMorgan Chase & Co. increased its position in HDFC Bank by 104.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,204,783 shares of the bank’s stock valued at $656,035,000 after acquiring an additional 9,808,890 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in HDFC Bank by 9,866.5% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,944,403 shares of the bank’s stock valued at $271,381,000 after acquiring an additional 7,864,692 shares in the last quarter. Franklin Resources Inc. increased its position in HDFC Bank by 106.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,884,943 shares of the bank’s stock valued at $474,310,000 after acquiring an additional 7,147,440 shares in the last quarter. Finally, Wellington Management Group LLP increased 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. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analyst Weigh In

Separately, 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 research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce”.

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $23.57 on Tuesday. HDFC Bank Limited has a one year low of $23.31 and a one year high of $39.81. The company has a 50 day moving average of $25.26 and a 200-day moving average of $30.71. The stock has a market cap of $120.24 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 1.10 and a beta of 0.65.

Insider Buying and Selling

In related news, insider N Srinivasan sold 10,000 shares of the business’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 transaction 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Ashish Parthasarthy sold 6,000 shares of the business’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 transaction 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. Corporate insiders own 1.00% of the company’s stock.

HDFC Bank 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).