Rathbones Group PLC Purchases 95,284 Shares of HDFC Bank Limited $HDB

Rathbones Group PLC increased its position in shares of HDFC Bank Limited (NYSE:HDB) by 3.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,585,814 shares of the bank’s stock after buying an additional 95,284 shares during the period. Rathbones Group PLC’s holdings in HDFC Bank were worth $94,486,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HDB. Figure 8 Investment Strategies LLC increased its position in HDFC Bank by 0.8% during the 4th quarter. Figure 8 Investment Strategies LLC now owns 48,510 shares of the bank’s stock valued at $1,773,000 after purchasing an additional 400 shares during the period. Northcape Capital Pty Ltd lifted its position in shares of HDFC Bank by 8.2% in the 4th quarter. Northcape Capital Pty Ltd now owns 5,695,395 shares of the bank’s stock worth $208,110,000 after purchasing an additional 431,952 shares during the period. Jacobson & Schmitt Advisors LLC lifted its position in shares of HDFC Bank by 4.2% in the 4th quarter. Jacobson & Schmitt Advisors LLC now owns 399,271 shares of the bank’s stock worth $14,589,000 after purchasing an additional 16,134 shares during the period. Arta Finance Wealth Management LLC bought a new position in shares of HDFC Bank during the fourth quarter valued at approximately $629,000. Finally, Aberdeen Group plc increased its holdings in HDFC Bank by 35.4% during the fourth quarter. Aberdeen Group plc now owns 1,517,149 shares of the bank’s stock valued at $55,437,000 after buying an additional 396,336 shares during the period. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Up 0.0%

HDB stock opened at $24.84 on Monday. The stock has a market capitalization of $126.72 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 0.89 and a beta of 0.67. HDFC Bank Limited has a 52 week low of $23.91 and a 52 week high of $39.81. The firm has a 50 day moving average of $30.11 and a 200 day moving average of $33.51.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Weiss Ratings downgraded shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Wall Street Zen raised HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Insider Activity at HDFC Bank

In other news, insider N Srinivasan sold 10,000 shares of HDFC Bank stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $8.21, for a total transaction of $82,100.00. Following the completion of the sale, the insider directly owned 648,422 shares in the company, valued at approximately $5,323,544.62. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

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).