AEGON ASSET MANAGEMENT UK Plc Sells 335,972 Shares of HDFC Bank Limited $HDB

AEGON ASSET MANAGEMENT UK Plc reduced its position in HDFC Bank Limited (NYSE:HDB) by 93.1% in the first quarter, Holdings Channel.com reports. The fund owned 24,845 shares of the bank’s stock after selling 335,972 shares during the period. AEGON ASSET MANAGEMENT UK Plc’s holdings in HDFC Bank were worth $618,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HDB. Larson Financial Group LLC boosted its position in shares of HDFC Bank by 90.4% during the third quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock valued at $29,000 after buying an additional 403 shares during the last quarter. Accent Capital Management LLC increased its holdings in HDFC Bank by 100.0% in the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock worth $31,000 after buying an additional 459 shares in the last quarter. Clearstead Advisors LLC raised its position in HDFC Bank by 476.8% in the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock worth $31,000 after buying an additional 739 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its position in HDFC Bank by 100.0% in 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 during the last quarter. Finally, Graney & King LLC lifted its stake in HDFC Bank by 100.0% during the 3rd quarter. Graney & King LLC now owns 1,200 shares of the bank’s stock valued at $41,000 after acquiring an additional 600 shares during the period. 17.61% of the stock is owned by institutional investors.

HDFC Bank Trading Up 0.2%

Shares of HDB stock opened at $25.11 on Monday. HDFC Bank Limited has a 12 month low of $22.91 and a 12 month high of $39.81. The stock has a market cap of $128.08 billion, a P/E ratio of 15.03, a P/E/G ratio of 1.40 and a beta of 0.65. The company has a 50 day simple moving average of $24.94 and a two-hundred day simple moving average of $29.48.

Insider Buying and Selling at HDFC Bank

In other HDFC Bank news, insider Ashish Parthasarthy sold 5,600 shares of the business’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $8.70, for a total transaction of $48,720.00. Following the completion of the sale, the insider owned 842,958 shares of the company’s stock, valued at approximately $7,333,734.60. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider N Srinivasan sold 10,000 shares of the company’s 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 completion of the sale, the insider owned 638,422 shares of the company’s stock, valued at approximately $5,567,039.84. The trade was a 1.54% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 21,600 shares of company stock valued at $189,560 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of HDFC Bank in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, HDFC Bank has an average 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).