HDFC Bank Limited $HDB Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. decreased its position in shares of HDFC Bank Limited (NYSE:HDB) by 59.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,117 shares of the bank’s stock after selling 66,021 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in HDFC Bank were worth $1,612,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Schroder Investment Management Group raised its holdings in HDFC Bank by 137.6% during the third quarter. Schroder Investment Management Group now owns 25,221,130 shares of the bank’s stock worth $861,554,000 after purchasing an additional 14,606,422 shares during the last quarter. Royal Bank of Canada increased its position in shares of HDFC Bank by 31.0% in the fourth quarter. Royal Bank of Canada now owns 39,897,767 shares of the bank’s stock valued at $1,457,865,000 after buying an additional 9,451,992 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of HDFC Bank by 9,866.5% in the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,944,403 shares of the bank’s stock valued at $271,381,000 after buying an additional 7,864,692 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of HDFC Bank by 106.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,884,943 shares of the bank’s stock worth $474,310,000 after buying an additional 7,147,440 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of HDFC Bank by 94.3% during the 3rd quarter. Wellington Management Group LLP now owns 13,155,196 shares of the bank’s stock worth $449,381,000 after buying an additional 6,386,002 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company’s stock.

Insider Transactions at HDFC Bank

In other HDFC Bank news, insider Ashish Parthasarthy sold 5,600 shares of the company’s 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 transaction, the insider directly owned 842,958 shares in the company, valued at approximately $7,333,734.60. This represents a 0.66% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $8.72, for a total transaction of $87,200.00. Following the sale, the insider directly 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. In the last quarter, insiders have sold 21,600 shares of company stock valued at $189,560. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Zacks Research cut shares of HDFC Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. Weiss Ratings restated a “sell (d+)” rating on shares of HDFC Bank in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, HDFC Bank currently has a consensus rating of “Sell”.

HDFC Bank Stock Performance

HDFC Bank stock opened at $25.85 on Wednesday. HDFC Bank Limited has a fifty-two week low of $22.91 and a fifty-two week high of $39.81. The company has a market capitalization of $131.86 billion, a price-to-earnings ratio of 15.48, a PEG ratio of 1.20 and a beta of 0.65. The stock has a fifty day moving average of $24.74 and a two-hundred day moving average of $28.98.

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).