Public Employees Retirement System of Ohio purchased a new position in shares of HDFC Bank Limited (NYSE:HDB – Free Report) in the second quarter, Holdings Channel.com reports. The firm purchased 2,524,344 shares of the bank’s stock, valued at approximately $65,204,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Larson Financial Group LLC grew its holdings in shares of HDFC Bank by 90.4% during the third quarter. Larson Financial Group LLC now owns 849 shares of the bank’s stock worth $29,000 after purchasing an additional 403 shares during the last quarter. Axiom Investment Management LLC purchased a new stake in shares of HDFC Bank in the 1st quarter valued at about $32,000. Pin Oak Investment Advisors Inc. boosted its position in shares of HDFC Bank by 100.0% in 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 period. Bell Investment Advisors Inc increased its position in HDFC Bank by 260.9% during the first quarter. Bell Investment Advisors Inc now owns 1,386 shares of the bank’s stock worth $34,000 after buying an additional 1,002 shares during the period. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in HDFC Bank in the third quarter valued at approximately $43,000. Institutional investors and hedge funds own 17.61% of the company’s stock.
HDFC Bank Price Performance
HDB opened at $22.47 on Friday. HDFC Bank Limited has a 12 month low of $22.45 and a 12 month high of $37.45. The stock has a market capitalization of $115.28 billion, a P/E ratio of 13.22, a P/E/G ratio of 1.09 and a beta of 0.65. The business has a 50 day simple moving average of $24.53 and a 200-day simple moving average of $26.06.
Analyst Ratings Changes
A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of HDFC Bank in a research report on Friday, August 21st. They set a “buy” rating on the stock. Wall Street Zen downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Finally, Weiss Ratings upgraded shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, HDFC Bank currently has an average rating of “Hold”.
Read Our Latest Stock Analysis on HDB
Key Headlines Impacting HDFC Bank
Here are the key news stories impacting HDFC Bank this week:
- Neutral Sentiment: Investors who purchased HDFC Bank securities or ADSs between July 17, 2023, and May 26, 2026, are being reminded that the lead-plaintiff application deadline is generally October 13, 2026; one notice cites October 12. Investors may retain recovery rights even if they do not seek to lead the case. ClaimsFiler shareholder alert
- Negative Sentiment: The lawsuit alleges that HDFC Bank and certain senior executives violated U.S. securities laws by failing to disclose internal-control problems that allegedly allowed approximately ₹45 crore ($4.7 million) in deposit inducements to be routed through the bank’s marketing budget. The claims remain allegations and have not been proven. SueWallSt HDB deadline alert
- Negative Sentiment: Several legal firms link the alleged disclosures and “deceptive interest payments” to an approximately 4% share-price decline during the class period. Continued publicity could weigh on HDB through litigation costs, potential damages, reputational risk, and concerns about governance and controls. Kahn Swick & Foti HDFC Bank securities-fraud notice
- Neutral Sentiment: The article about a broker’s upside target applies to HDB Financial Services, not HDFC Bank Limited, and therefore is not a direct catalyst for HDB shares.
HDFC Bank Company 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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