BSN CAPITAL PARTNERS Ltd Makes New Investment in HDFC Bank Limited $HDB

BSN CAPITAL PARTNERS Ltd bought a new stake in shares of HDFC Bank Limited (NYSE:HDB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 541,500 shares of the bank’s stock, valued at approximately $19,364,000. HDFC Bank comprises approximately 0.9% of BSN CAPITAL PARTNERS Ltd’s investment portfolio, making the stock its 18th biggest holding.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Larson Financial Group LLC grew 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 purchasing an additional 403 shares in the last quarter. Accent Capital Management LLC boosted its stake in HDFC Bank by 100.0% during the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after purchasing an additional 459 shares in the last quarter. Clearstead Advisors LLC increased its position in shares of HDFC Bank by 476.8% during the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after purchasing an additional 739 shares during the period. Pin Oak Investment Advisors Inc. lifted its holdings in HDFC Bank by 100.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock valued at $34,000 after acquiring an additional 498 shares during the last quarter. Finally, Graney & King LLC lifted its stake in HDFC Bank by 100.0% during the third quarter. Graney & King LLC now owns 1,200 shares of the bank’s stock valued at $41,000 after purchasing an additional 600 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Trading Up 0.2%

Shares of NYSE:HDB opened at $25.11 on Friday. The stock has a market capitalization of $128.08 billion, a PE ratio of 15.03, a P/E/G ratio of 1.40 and a beta of 0.65. HDFC Bank Limited has a 1 year low of $22.91 and a 1 year high of $39.81. The firm has a fifty day moving average price of $24.94 and a 200 day moving average price of $29.52.

Insider Activity at HDFC Bank

In other HDFC Bank news, insider N Srinivasan sold 10,000 shares of the stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $8.72, for a total value of $87,200.00. Following the completion of the sale, the insider directly owned 638,422 shares of the company’s stock, valued at $5,567,039.84. This represents a 1.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Ashish Parthasarthy sold 5,600 shares of the company’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $8.70, for a total value of $48,720.00. Following the completion of the transaction, the insider owned 842,958 shares of the company’s stock, valued at $7,333,734.60. The trade was a 0.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of HDFC Bank in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

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).