Mawer Investment Management Ltd. raised its position in HDFC Bank Limited (NYSE:HDB – Free Report) by 7.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,187,295 shares of the bank’s stock after buying an additional 218,865 shares during the period. Mawer Investment Management Ltd. owned 0.06% of HDFC Bank worth $116,464,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HDB. Larson Financial Group LLC increased its stake in HDFC Bank by 90.4% in the 3rd quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock valued at $29,000 after buying an additional 403 shares during the last quarter. Accent Capital Management LLC increased its position in shares of 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 purchasing an additional 459 shares during the last quarter. Clearstead Advisors LLC increased its position in shares of HDFC Bank by 476.8% during the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after purchasing an additional 739 shares during the last quarter. Pin Oak Investment Advisors Inc. increased its position in shares of HDFC Bank by 100.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock valued at $34,000 after purchasing an additional 498 shares during the last quarter. Finally, Graney & King LLC increased its position in shares of HDFC Bank by 100.0% during the 3rd quarter. Graney & King LLC now owns 1,200 shares of the bank’s stock valued at $41,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.
Insider Buying and Selling
In related news, insider N Srinivasan sold 10,000 shares of HDFC Bank stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $8.72, for a total value of $87,200.00. Following the completion of the transaction, the insider directly owned 638,422 shares in the company, valued at approximately $5,567,039.84. The trade was a 1.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ashish Parthasarthy sold 5,600 shares of HDFC Bank stock in a transaction that occurred on Tuesday, April 28th. The shares were sold at an average price of $8.70, for a total transaction of $48,720.00. Following the completion of the transaction, the insider owned 842,958 shares of the company’s stock, valued at $7,333,734.60. This represents a 0.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,600 shares of company stock worth $271,660 in the last ninety days. 1.00% of the stock is currently owned by insiders.
Analyst Ratings Changes
View Our Latest Stock Analysis on HDB
HDFC Bank Trading Down 0.9%
NYSE:HDB opened at $23.57 on Tuesday. The stock has a market capitalization of $120.24 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.10 and a beta of 0.65. The firm’s 50 day moving average is $25.26 and its 200 day moving average is $30.71. HDFC Bank Limited has a 12 month low of $23.31 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).
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