Diversified Trust Co. Acquires 24,143 Shares of HDFC Bank Limited $HDB

Diversified Trust Co. boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 50.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,565 shares of the bank’s stock after acquiring an additional 24,143 shares during the quarter. Diversified Trust Co.’s holdings in HDFC Bank were worth $2,615,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of HDB. Central Pacific Bank Trust Division lifted its position in shares of HDFC Bank by 100.0% during the third quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank’s stock worth $26,000 after purchasing an additional 379 shares during the last quarter. Larson Financial Group LLC grew its holdings in shares of HDFC Bank by 90.4% in the third quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock worth $29,000 after purchasing an additional 403 shares during the last quarter. Clearstead Advisors LLC increased its stake in HDFC Bank by 476.8% in the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock worth $31,000 after buying an additional 739 shares during the period. Parkside Financial Bank & Trust increased its stake in HDFC Bank by 54.5% in the 3rd quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after buying an additional 322 shares during the period. Finally, Accent Capital Management LLC lifted its holdings in HDFC Bank by 100.0% during the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after buying an additional 459 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

Insider Transactions at HDFC Bank

In related news, insider N Srinivasan sold 10,000 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $8.21, for a total transaction of $82,100.00. Following the transaction, the insider directly owned 648,422 shares of the company’s stock, valued at $5,323,544.62. This represents a 1.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 1.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

HDB has been the subject of several research reports. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. 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. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

HDFC Bank Trading Down 1.2%

NYSE HDB opened at $25.10 on Wednesday. The firm’s fifty day simple moving average is $31.32 and its two-hundred day simple moving average is $34.10. The firm has a market capitalization of $128.02 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.06 and a beta of 0.56. HDFC Bank Limited has a 12-month low of $24.74 and a 12-month high of $39.81.

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).