Sustainable Growth Advisers LP Sells 5,203,982 Shares of HDFC Bank Limited $HDB

Posted by Brian Himes on Jun 3rd, 2026

Sustainable Growth Advisers LP cut its position in shares of HDFC Bank Limited (NYSE:HDB – Free Report) by 47.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,710,975 shares of the bank’s stock after selling 5,203,982 shares during the period. HDFC Bank comprises 1.4% of Sustainable Growth Advisers LP’s portfolio, making the stock its 26th biggest holding. Sustainable Growth Advisers LP’s holdings in HDFC Bank were worth $208,679,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Snowden Capital Advisors LLC grew its stake in HDFC Bank by 5.8% in the second quarter. Snowden Capital Advisors LLC now owns 5,707 shares of the bank’s stock valued at $438,000 after purchasing an additional 311 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in HDFC Bank by 0.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 74,198 shares of the bank’s stock valued at $2,711,000 after purchasing an additional 345 shares in the last quarter. Flputnam Investment Management Co. grew its stake in HDFC Bank by 2.6% in the fourth quarter. Flputnam Investment Management Co. now owns 14,363 shares of the bank’s stock valued at $525,000 after purchasing an additional 361 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in HDFC Bank by 19.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 2,330 shares of the bank’s stock valued at $85,000 after purchasing an additional 384 shares in the last quarter. Finally, Figure 8 Investment Strategies LLC grew its stake in HDFC Bank by 0.8% in the fourth quarter. Figure 8 Investment Strategies LLC now owns 48,510 shares of the bank’s stock valued at $1,773,000 after purchasing an additional 400 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded 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 given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce”.

Get Our Latest Research Report on HDB

HDFC Bank Trading Down 0.9%

Shares of NYSE HDB opened at $23.57 on Tuesday. HDFC Bank Limited has a 12 month low of $23.31 and a 12 month high of $39.81. The stock has a 50 day moving average of $25.26 and a 200-day moving average of $30.71. The company has a market capitalization of $120.24 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.10 and a beta of 0.65.

Insider Activity at HDFC Bank

In other news, insider N Srinivasan sold 10,000 shares of HDFC Bank stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $8.72, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Ashish Parthasarthy sold 6,000 shares of HDFC Bank stock in a transaction that occurred on Tuesday, April 21st. The stock was sold at an average price of $8.94, for a total value of $53,640.00. Following the transaction, the insider owned 848,558 shares of the company’s stock, valued at $7,586,108.52. This represents a 0.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 31,600 shares of company stock valued at $271,660 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

HDFC Bank Profile

(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).