DJE Kapital AG Buys 326,261 Shares of HDFC Bank Limited $HDB

DJE Kapital AG lifted its stake in shares of HDFC Bank Limited (NYSE:HDB) by 23.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,692,753 shares of the bank’s stock after purchasing an additional 326,261 shares during the quarter. HDFC Bank comprises 1.7% of DJE Kapital AG’s investment portfolio, making the stock its 22nd biggest holding. DJE Kapital AG’s holdings in HDFC Bank were worth $61,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Larson Financial Group LLC boosted its position in shares of HDFC Bank by 90.4% during the 3rd 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 raised its holdings in shares of 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 acquiring an additional 459 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of 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 acquiring an additional 739 shares during the last quarter. Pin Oak Investment Advisors Inc. raised its holdings in shares of 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 acquiring an additional 498 shares during the last quarter. Finally, Graney & King LLC raised its holdings in shares of HDFC Bank by 100.0% in the 3rd quarter. Graney & King LLC now owns 1,200 shares of the bank’s stock worth $41,000 after acquiring an additional 600 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of HDFC Bank in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, HDFC Bank currently has an average rating of “Reduce”.

Insider Activity at HDFC Bank

In other HDFC Bank news, insider Ashish Parthasarthy sold 6,000 shares of the stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $8.94, for a total value of $53,640.00. Following the sale, the insider directly owned 848,558 shares in the company, valued at $7,586,108.52. This represents a 0.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider N Srinivasan sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was 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 $5,567,039.84. This represents a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 31,600 shares of company stock valued at $271,660. 1.00% of the stock is owned by insiders.

HDFC Bank Stock Up 2.6%

HDFC Bank stock opened at $23.81 on Friday. HDFC Bank Limited has a twelve month low of $22.91 and a twelve month high of $39.81. The firm has a 50 day moving average price of $25.01 and a 200-day moving average price of $29.97. The company has a market capitalization of $121.48 billion, a P/E ratio of 14.26, a P/E/G ratio of 1.07 and a beta of 0.65.

HDFC Bank Company 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).