HDFC Bank Limited $HDB Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its stake in shares of HDFC Bank Limited (NYSE:HDB) by 6.1% in the 1st quarter, Holdings Channel reports. The institutional investor owned 5,026,172 shares of the bank’s stock after buying an additional 289,588 shares during the quarter. Bank of New York Mellon Corp’s holdings in HDFC Bank were worth $125,051,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in shares of HDFC Bank by 16,808.5% during the 1st quarter. Principal Financial Group Inc. now owns 17,977,844 shares of the bank’s stock worth $447,289,000 after buying an additional 17,871,520 shares during the last quarter. Royal Bank of Canada boosted its holdings in 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 acquiring an additional 9,451,992 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in 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 acquiring an additional 7,864,692 shares during the last quarter. Wellington Management Group LLP grew its position in HDFC Bank by 94.3% during the third quarter. Wellington Management Group LLP now owns 13,155,196 shares of the bank’s stock valued at $449,381,000 after acquiring an additional 6,386,002 shares during the period. Finally, Invesco Ltd. grew its position in HDFC Bank by 98.3% during the third quarter. Invesco Ltd. now owns 12,338,006 shares of the bank’s stock valued at $421,466,000 after acquiring an additional 6,115,797 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Stock Down 0.1%

HDFC Bank stock opened at $26.36 on Monday. The firm has a fifty day moving average of $24.92 and a 200-day moving average of $28.10. HDFC Bank Limited has a 52-week low of $22.91 and a 52-week high of $39.81. The firm has a market capitalization of $134.50 billion, a P/E ratio of 15.79, a PEG ratio of 1.23 and a beta of 0.64.

Insiders Place Their Bets

In other HDFC Bank news, 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 value of $87,200.00. Following the transaction, the insider directly owned 638,422 shares of the company’s stock, valued at $5,567,039.84. This trade represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Ashish Parthasarthy sold 5,600 shares of the firm’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 completion of the transaction, the insider directly owned 842,958 shares in the company, valued at $7,333,734.60. This trade represents a 0.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 21,600 shares of company stock valued at $189,560. 1.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HDB has been the subject of several research analyst reports. Zacks Research lowered HDFC Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 18th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of HDFC Bank in a research note on Wednesday, June 3rd. Finally, Wall Street Zen cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday. Two analysts have rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

More HDFC Bank News

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

• Positive Sentiment: HDFC Bank reported Q1 net profit rose about 5% year over year to Rs 19,060 crore, with net interest income up 6.7%, signaling solid core earnings momentum. Article Title
• Positive Sentiment: Management said the bank is “on the cusp of pressing the pedal,” pointing to a stronger growth push ahead as loan demand and operating momentum improve. Article Title
• Positive Sentiment: Q1 earnings call highlights showed strong deposit growth, which is important for funding future lending expansion and supports a more durable franchise outlook. Article Title
• Positive Sentiment: Market previews ahead of results had already pointed to strong loan growth and roughly flat margins, suggesting investors were expecting a resilient quarter. Article Title
• Neutral Sentiment: CEO Jagdishan described a board meeting with new chair Rajiv Kumar as “refreshing,” which is more of a governance and leadership update than a direct earnings catalyst. Article Title
• Negative Sentiment: The main offset is margin pressure: the Q1 earnings call noted strong deposits but also tighter net interest margins, which could limit near-term earnings upside. Article Title
• Negative Sentiment: Wall Street Zen downgraded HDFC Bank to “Sell,” adding a cautious analyst note that may weigh on sentiment. Article Title

HDFC Bank 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).