HDFC Bank Limited $HDB Position Boosted by Barings LLC

Barings LLC raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 682,813 shares of the bank’s stock after purchasing an additional 86,955 shares during the quarter. Barings LLC’s holdings in HDFC Bank were worth $24,950,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HDB. Larson Financial Group LLC boosted its stake 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 acquiring an additional 403 shares in the last quarter. Clearstead Advisors LLC lifted its holdings in shares of HDFC Bank by 476.8% in the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after purchasing an additional 739 shares in the last quarter. Accent Capital Management LLC lifted its holdings 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 valued at $31,000 after purchasing an additional 459 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of HDFC Bank in the second quarter valued at $75,000. Finally, Pin Oak Investment Advisors Inc. lifted its holdings in shares of HDFC Bank by 100.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock valued at $34,000 after purchasing an additional 498 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

Insider Buying and Selling at HDFC Bank

In other HDFC Bank news, insider Ashish Parthasarthy sold 6,000 shares of the stock in a transaction on Tuesday, April 21st. The shares were sold at an average price of $8.94, for a total transaction of $53,640.00. Following the transaction, the insider directly owned 848,558 shares of the company’s stock, valued at $7,586,108.52. This represents a 0.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider N Srinivasan sold 10,000 shares of the stock in a transaction 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 transaction, the insider directly owned 638,422 shares in the company, valued at $5,567,039.84. The trade was a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 31,600 shares of company stock worth $271,660 over the last three months. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

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

HDFC Bank Price Performance

HDFC Bank stock opened at $23.81 on Friday. The company has a market capitalization of $121.48 billion, a price-to-earnings ratio of 14.26, a PEG ratio of 1.07 and a beta of 0.65. HDFC Bank Limited has a one year low of $22.91 and a one year high of $39.81. The company’s fifty day moving average price is $25.01 and its two-hundred day moving average price is $29.97.

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).