JPMorgan Chase & Co. Has $749.24 Million Stake in HDFC Bank Limited $HDB

JPMorgan Chase & Co. lifted its stake in shares of HDFC Bank Limited (NYSE:HDB – Free Report) by 6.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 20,504,634 shares of the bank’s stock after buying an additional 1,299,851 shares during the period. JPMorgan Chase & Co.’s holdings in HDFC Bank were worth $749,239,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of HDB. NewEdge Advisors LLC grew its position in shares of HDFC Bank by 8.6% during the 1st quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock worth $776,000 after buying an additional 922 shares during the period. Goldman Sachs Group Inc. grew its position in shares of HDFC Bank by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank’s stock worth $58,723,000 after buying an additional 13,435 shares during the period. Sivia Capital Partners LLC grew its position in shares of HDFC Bank by 24.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 7,840 shares of the bank’s stock worth $601,000 after buying an additional 1,541 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of HDFC Bank by 464.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,484 shares of the bank’s stock worth $114,000 after buying an additional 1,221 shares during the period. Finally, First Trust Advisors LP grew its position in HDFC Bank by 29.3% in the 2nd quarter. First Trust Advisors LP now owns 51,551 shares of the bank’s stock valued at $3,952,000 after purchasing an additional 11,689 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

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HDFC Bank Trading Up 1.1%

Shares of NYSE:HDB opened at $23.26 on Wednesday. The stock’s fifty day simple moving average is $25.05 and its two-hundred day simple moving average is $30.15. HDFC Bank Limited has a 1-year low of $22.91 and a 1-year high of $39.81. The stock has a market cap of $118.63 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 1.07 and a beta of 0.65.

Insider Buying and Selling at HDFC Bank

In other HDFC Bank news, insider Ashish Parthasarthy sold 6,000 shares of the firm’s stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $8.94, for a total transaction of $53,640.00. Following the transaction, the insider directly owned 848,558 shares in the company, valued at approximately $7,586,108.52. This trade represents a 0.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction 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 transaction, the insider owned 638,422 shares in the company, valued at approximately $5,567,039.84. This trade represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 31,600 shares of company stock worth $271,660. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of HDFC Bank in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Check Out Our Latest Analysis on HDFC Bank

About HDFC Bank

(Free Report)

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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Want to see what other hedge funds are holding HDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HDFC Bank Limited (NYSE:HDB – Free Report).

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