HDFC Bank Limited $HDB Shares Sold by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. lowered its position in HDFC Bank Limited (NYSE:HDB) by 28.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 237,344 shares of the bank’s stock after selling 92,223 shares during the quarter. Deprince Race & Zollo Inc.’s holdings in HDFC Bank were worth $5,905,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Snowden Capital Advisors LLC raised its position in HDFC Bank by 5.8% in the 2nd quarter. Snowden Capital Advisors LLC now owns 5,707 shares of the bank’s stock valued at $438,000 after purchasing an additional 311 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in HDFC Bank by 0.5% during the 4th quarter. Sequoia Financial Advisors LLC now owns 74,198 shares of the bank’s stock worth $2,711,000 after purchasing an additional 345 shares during the last quarter. Flputnam Investment Management Co. grew its position in HDFC Bank by 2.6% during the 4th quarter. Flputnam Investment Management Co. now owns 14,363 shares of the bank’s stock worth $525,000 after purchasing an additional 361 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in HDFC Bank by 19.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 2,330 shares of the bank’s stock worth $85,000 after purchasing an additional 384 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its stake in HDFC Bank by 3.0% in the fourth quarter. Sivia Capital Partners LLC now owns 13,492 shares of the bank’s stock valued at $493,000 after purchasing an additional 397 shares during the period. 17.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling at HDFC Bank

In other news, insider Ashish Parthasarthy sold 5,600 shares of the business’s stock in a transaction dated Tuesday, April 28th. The shares were sold at an average price of $8.70, for a total transaction of $48,720.00. Following the transaction, the insider directly owned 842,958 shares in the company, valued at $7,333,734.60. The trade was a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider N Srinivasan sold 10,000 shares of the business’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 transaction, the insider owned 638,422 shares in the company, valued at approximately $5,567,039.84. This trade represents a 1.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 21,600 shares of company stock valued at $189,560 in the last 90 days. Company insiders own 1.00% of the company’s stock.

HDFC Bank Price Performance

Shares of NYSE HDB opened at $25.75 on Friday. The stock has a fifty day moving average price of $24.71 and a 200 day moving average price of $28.84. HDFC Bank Limited has a 1-year low of $22.91 and a 1-year high of $39.81. The company has a market cap of $131.39 billion, a PE ratio of 15.42, a P/E/G ratio of 1.18 and a beta of 0.64.

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).