Allspring Global Investments Holdings LLC Sells 80,134 Shares of HDFC Bank Limited $HDB

Allspring Global Investments Holdings LLC decreased its holdings in HDFC Bank Limited (NYSE:HDB) by 3.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,204,370 shares of the bank’s stock after selling 80,134 shares during the period. Allspring Global Investments Holdings LLC’s holdings in HDFC Bank were worth $80,415,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Schroder Investment Management Group boosted its position in HDFC Bank by 137.6% during the third quarter. Schroder Investment Management Group now owns 25,221,130 shares of the bank’s stock valued at $861,554,000 after buying an additional 14,606,422 shares during the period. JPMorgan Chase & Co. grew its position in HDFC Bank by 104.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,204,783 shares of the bank’s stock worth $656,035,000 after acquiring an additional 9,808,890 shares during the last quarter. Franklin Resources Inc. increased its stake in HDFC Bank by 106.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,884,943 shares of the bank’s stock worth $474,310,000 after purchasing an additional 7,147,440 shares during the period. Wellington Management Group LLP increased its stake in HDFC Bank by 94.3% in the 3rd quarter. Wellington Management Group LLP now owns 13,155,196 shares of the bank’s stock worth $449,381,000 after purchasing an additional 6,386,002 shares during the period. Finally, Invesco Ltd. lifted its position in HDFC Bank by 98.3% in the third quarter. Invesco Ltd. now owns 12,338,006 shares of the bank’s stock valued at $421,466,000 after purchasing an additional 6,115,797 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank News Roundup

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

• Positive Sentiment: Board likely to back CEO Sashidhar Jagdishan for another term, reducing near‑term leadership uncertainty and supporting investor confidence. HDFC Bank Board Likely To Back Sashidhar Jagdishan For Another CEO Term, Say Sources
• Positive Sentiment: Brokerages including JPMorgan/Jefferies see valuation upside after the stock’s sharp correction, prompting upgrades and buy-side interest that can drive a technical rebound. HDFC Bank falls, but JPMorgan, Jefferies see valuation upside
• Neutral Sentiment: Discussion in some market writeups about broader indices and international investor focus could increase attention but doesn’t immediately change fundamentals. Is S & P 500 Watching HDFC Bank?
• Negative Sentiment: The chairman’s sudden exit has been widely reported as exposing leadership strains and previously triggered a large market rout, keeping governance risk front‑of‑mind for investors. HDFC Bank chairman’s sudden exit exposes leadership strains at top Indian lender
• Negative Sentiment: Ex‑chair Atanu Chakraborty has publicly raised concerns about ‘incongruence’ and cited values/ethics as a driver for his exit, reinforcing governance questions that could weigh on sentiment until clarity is restored. Ex-HDFC chair cites values and ethics concerns as drivers behind exit

HDFC Bank Price Performance

Shares of NYSE:HDB opened at $24.85 on Wednesday. The stock’s 50-day moving average is $30.54 and its 200 day moving average is $33.74. The company has a market cap of $126.75 billion, a PE ratio of 14.92, a P/E/G ratio of 1.00 and a beta of 0.56. HDFC Bank Limited has a 1 year low of $23.91 and a 1 year high of $39.81.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on HDB. Weiss Ratings lowered HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. Wall Street Zen upgraded shares of HDFC Bank from a “sell” rating to a “hold” rating in a 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’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce”.

Insiders Place Their Bets

In related 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 value of $82,100.00. Following the sale, the insider owned 648,422 shares in the company, valued at $5,323,544.62. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.00% of the stock is currently owned by company insiders.

About HDFC Bank

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).