BNP Paribas Purchases 31,025 Shares of HDFC Bank Limited $HDB

BNP Paribas lifted its position in shares of HDFC Bank Limited (NYSE:HDB) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 357,729 shares of the bank’s stock after purchasing an additional 31,025 shares during the period. BNP Paribas’ holdings in HDFC Bank were worth $13,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Larson Financial Group LLC lifted its stake in shares of HDFC Bank by 90.4% in the third quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock worth $29,000 after acquiring an additional 403 shares during the period. Clearstead Advisors LLC lifted its stake in shares of HDFC Bank by 476.8% in the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock worth $31,000 after acquiring an additional 739 shares during the period. Accent Capital Management LLC lifted its stake in shares of HDFC Bank by 100.0% in the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock worth $31,000 after acquiring an additional 459 shares during the period. Cary Street Partners Financial LLC acquired a new position in HDFC Bank in the second quarter valued at approximately $75,000. Finally, Pin Oak Investment Advisors Inc. boosted its holdings in shares of HDFC Bank by 100.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock worth $34,000 after buying an additional 498 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Trading Down 0.9%

Shares of NYSE HDB opened at $23.57 on Tuesday. The stock has a fifty day simple moving average of $25.26 and a two-hundred day simple moving average of $30.71. HDFC Bank Limited has a 1-year low of $23.31 and a 1-year high of $39.81. The firm has a market cap of $120.24 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 1.10 and a beta of 0.65.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a 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 stock. According to data from MarketBeat.com, the company has an average rating of “Reduce”.

Insiders Place Their Bets

In other HDFC Bank news, insider Ashish Parthasarthy sold 6,000 shares of HDFC Bank stock in a transaction dated Tuesday, April 21st. The stock was sold at an average price of $8.94, for a total transaction of $53,640.00. Following the completion of the sale, the insider owned 848,558 shares of the company’s stock, valued at $7,586,108.52. The trade was a 0.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider N Srinivasan sold 10,000 shares of HDFC Bank stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $8.72, for a total value of $87,200.00. Following the sale, the insider directly owned 638,422 shares of the company’s stock, valued at approximately $5,567,039.84. This trade represents a 1.54% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 31,600 shares of company stock valued at $271,660 over the last ninety days. 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).