HDFC Bank Limited $HDB Stock Holdings Increased by ABN Amro Investment Solutions

ABN Amro Investment Solutions raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 66.0% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,498,938 shares of the bank’s stock after buying an additional 595,912 shares during the quarter. ABN Amro Investment Solutions’ holdings in HDFC Bank were worth $37,294,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Larson Financial Group LLC grew its position in shares of HDFC Bank by 90.4% in the 3rd quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock worth $29,000 after acquiring an additional 403 shares in the last quarter. Bell Investment Advisors Inc raised its position in shares of HDFC Bank by 260.9% during the 1st quarter. Bell Investment Advisors Inc now owns 1,386 shares of the bank’s stock valued at $34,000 after acquiring an additional 1,002 shares in the last quarter. Pin Oak Investment Advisors Inc. raised its position 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 valued at $34,000 after acquiring an additional 498 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new position in HDFC Bank during the third quarter worth $43,000. Finally, BOCHK Asset Management Ltd lifted its stake in HDFC Bank by 125.0% during the fourth quarter. BOCHK Asset Management Ltd now owns 1,800 shares of the bank’s stock worth $66,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Key Stories Impacting HDFC Bank

Here are the key news stories impacting HDFC Bank this week:

• Positive Sentiment: HDFC Bank reported strong operating growth in Q1, with revenue of $9.01 billion and profit up 4.98% year over year, supported by healthy interest income growth and continued loan/deposit expansion. HDFC Bank Q1 profit rises 4.98% to $1.97b as on interest income growth
• Positive Sentiment: Some commentary suggests investors may be overreacting, with analysts pointing to HDFC Bank as a possible “buy the dip” opportunity after the selloff. India’s private-sector banks sold off on NIM fears. Ignore the panic and buy the dip in HDFC stock here
• Neutral Sentiment: The bank’s earnings beat on revenue was offset by a small EPS miss versus expectations, which likely contributed to the mixed market reaction. HDFC Bank earnings report and conference call
• Negative Sentiment: Investors were disappointed by narrowing net interest margins and softer core income trends, which overshadowed the bank’s modest profit growth and drove the stock lower. HDFC Bank ADR Drops as Margin Compression Overshadows Quarterly Growth
• Negative Sentiment: A securities-fraud investigation was announced, creating an additional headline risk for HDB and adding to investor caution. Securities Fraud Investigation Into HDFC Bank Limited (HDB) Announced

Insider Buying and Selling at HDFC Bank

In related news, insider Ashish Parthasarthy sold 5,600 shares of the stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $8.70, for a total value of $48,720.00. Following the sale, the insider owned 842,958 shares of the company’s stock, valued at $7,333,734.60. This trade represents a 0.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider N Srinivasan sold 10,000 shares of HDFC Bank stock in a transaction dated 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 sale, the insider owned 638,422 shares in the company, valued at approximately $5,567,039.84. This represents a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HDB. Weiss Ratings upgraded shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Finally, Wall Street Zen lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

HDFC Bank Trading Up 0.7%

Shares of NYSE HDB opened at $23.77 on Wednesday. The company has a market cap of $121.29 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 1.10 and a beta of 0.64. HDFC Bank Limited has a 12-month low of $22.91 and a 12-month high of $39.81. The stock’s 50 day simple moving average is $24.90 and its 200 day simple moving average is $27.92.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings data on Saturday, July 18th. The bank reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.02. HDFC Bank had a return on equity of 13.14% and a net margin of 15.96%.The firm had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $5 billion. As a group, equities analysts forecast that HDFC Bank Limited will post 1.69 earnings per share for the current fiscal year.

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).