Engineers Gate Manager LP Sells 136,555 Shares of HDFC Bank Limited $HDB

Engineers Gate Manager LP lessened its position in shares of HDFC Bank Limited (NYSE:HDB) by 40.3% in the second quarter, HoldingsChannel reports. The fund owned 202,659 shares of the bank’s stock after selling 136,555 shares during the period. Engineers Gate Manager LP’s holdings in HDFC Bank were worth $5,235,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GQG Partners LLC grew its stake in shares of HDFC Bank by 1.5% in the fourth quarter. GQG Partners LLC now owns 52,962,709 shares of the bank’s stock valued at $1,935,258,000 after acquiring an additional 777,977 shares in the last quarter. Royal Bank of Canada increased its position in HDFC Bank by 6.3% during the first quarter. Royal Bank of Canada now owns 42,418,483 shares of the bank’s stock worth $1,055,372,000 after acquiring an additional 2,520,716 shares during the period. Schroder Investment Management Group raised its stake in HDFC Bank by 4.1% in the 4th quarter. Schroder Investment Management Group now owns 26,264,726 shares of the bank’s stock worth $959,713,000 after purchasing an additional 1,043,596 shares in the last quarter. JPMorgan Chase & Co. raised its stake in HDFC Bank by 6.8% in the 4th quarter. JPMorgan Chase & Co. now owns 20,504,634 shares of the bank’s stock worth $749,239,000 after purchasing an additional 1,299,851 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in HDFC Bank by 16,808.5% in the 1st quarter. Principal Financial Group Inc. now owns 17,977,844 shares of the bank’s stock valued at $447,289,000 after purchasing an additional 17,871,520 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wall Street Zen lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Weiss Ratings upgraded shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. HSBC cut HDFC Bank from a “buy” rating to a “hold” rating in a research note on Monday, August 31st. Zacks Research raised HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Finally, The Goldman Sachs Group assumed coverage on HDFC Bank in a research note on Friday, August 21st. They set a “buy” rating on the stock. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, HDFC Bank currently has a consensus rating of “Hold”.

HDFC Bank Stock Up 6.8%

Shares of HDB stock opened at $23.33 on Friday. The business has a fifty day simple moving average of $23.94 and a 200 day simple moving average of $25.32. The company has a market cap of $119.72 billion, a P/E ratio of 13.72, a P/E/G ratio of 1.22 and a beta of 0.63. HDFC Bank Limited has a twelve month low of $21.76 and a twelve month high of $37.45.

HDFC Bank (NYSE:HDB) last issued its earnings results on Saturday, July 18th. The bank reported $0.40 EPS for the quarter, topping the consensus estimate of $0.38 by $0.02. The firm had revenue of $9.01 billion during the quarter, compared to the consensus estimate of $5 billion. HDFC Bank had a return on equity of 11.84% and a net margin of 15.96%. As a group, equities research analysts anticipate that HDFC Bank Limited will post 1.36 earnings per share for the current fiscal year.

Key Headlines Impacting HDFC Bank

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

• Positive Sentiment: A Bahrain High Civil Court reportedly dismissed the final two investor claims tied to Credit Suisse AT1 bonds on September 9, bringing the total number of rejected Bahrain cases to seven. The outcome reduces a legal overhang and follows a favorable March ruling in India involving related complaints. HDFC Bank Rallies as Bahrain Court Relief Eases Legal Overhang
• Neutral Sentiment: The move may also reflect bargain hunting after recent weakness. HDFC Bank’s shares remain below their 50-day and 200-day moving averages and close to the reported 52-week low, suggesting valuation support but continued investor caution.
• Negative Sentiment: Multiple law firms are publicizing a securities-fraud class action against HDFC Bank and certain executives. The case covers investors who purchased securities between July 17, 2023, and May 26, 2026, with lead-plaintiff deadlines generally falling on October 12 or October 13, 2026. The allegations include claims that approximately 4.5 billion Indian rupees in deposit inducements were routed through marketing expenses to pay higher interest to a state-owned company. The allegations have not been proven, but the litigation could create financial, regulatory, and reputational exposure. HDFC Bank Securities Fraud Class Action Filed
• Negative Sentiment: Reported insider activity has been entirely selling over the past six months: two bank executives sold a combined 31,600 shares, with no reported purchases. While these transactions may be immaterial relative to HDFC Bank’s size, they provide a modestly cautious signal.

HDFC Bank Profile

HDFC Bank Limited is an India-based banking and financial services company headquartered in Mumbai. Established in 1994 and commencing operations in 1995, the bank serves individual consumers, small and midsize businesses, corporations, institutions and government-related organizations.

The bank provides a broad range of services, including savings and current accounts, fixed deposits, personal and home loans, vehicle and business financing, credit and debit cards, payments, remittances, wealth management and insurance distribution.