HDFC Bank Limited $HDB Shares Purchased by Boston Common Asset Management LLC

Boston Common Asset Management LLC grew its holdings in HDFC Bank Limited (NYSE:HDB) by 80.9% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,537,511 shares of the bank’s stock after buying an additional 687,812 shares during the period. HDFC Bank accounts for approximately 2.8% of Boston Common Asset Management LLC’s portfolio, making the stock its 5th largest position. Boston Common Asset Management LLC’s holdings in HDFC Bank were worth $56,181,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of brokerages have commented on HDB. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a research report on Friday, January 23rd. Weiss Ratings lowered shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce”.

HDFC Bank Stock Down 1.0%

Shares of HDB opened at $24.11 on Tuesday. HDFC Bank Limited has a 52-week low of $23.91 and a 52-week high of $39.81. The company has a 50-day simple moving average of $30.69 and a 200-day simple moving average of $33.81. The company has a market capitalization of $123.02 billion, a PE ratio of 14.48, a P/E/G ratio of 1.01 and a beta of 0.56.

Insider Transactions at HDFC Bank

In related news, insider N Srinivasan sold 10,000 shares of HDFC Bank stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $8.21, for a total transaction of $82,100.00. Following the completion of the transaction, the insider directly owned 648,422 shares of the company’s stock, valued at approximately $5,323,544.62. The trade was a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

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).