HDFC Bank Limited $HDB Shares Purchased by Mondrian Investment Partners LTD

Mondrian Investment Partners LTD lifted its holdings in HDFC Bank Limited (NYSE:HDB) by 42.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,365,044 shares of the bank’s stock after purchasing an additional 406,026 shares during the period. Mondrian Investment Partners LTD’s holdings in HDFC Bank were worth $49,879,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew its holdings in shares of HDFC Bank by 47.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 9,948 shares of the bank’s stock valued at $364,000 after purchasing an additional 3,221 shares in the last quarter. FourThought Financial Partners LLC grew its holdings in shares of HDFC Bank by 3.2% in the fourth quarter. FourThought Financial Partners LLC now owns 24,058 shares of the bank’s stock valued at $879,000 after purchasing an additional 751 shares in the last quarter. Global Retirement Partners LLC grew its holdings in shares of HDFC Bank by 1,213.8% in the fourth quarter. Global Retirement Partners LLC now owns 27,722 shares of the bank’s stock valued at $1,013,000 after purchasing an additional 25,612 shares in the last quarter. MJP Associates Inc. ADV grew its holdings in shares of HDFC Bank by 10.0% in the fourth quarter. MJP Associates Inc. ADV now owns 7,218 shares of the bank’s stock valued at $264,000 after purchasing an additional 657 shares in the last quarter. Finally, Leonteq Securities AG acquired a new position in shares of HDFC Bank in the fourth quarter valued at approximately $1,526,000. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Trading Up 0.5%

HDB stock opened at $24.75 on Friday. HDFC Bank Limited has a twelve month low of $23.75 and a twelve month high of $39.81. The company’s 50 day moving average is $25.71 and its two-hundred day moving average is $31.25. The stock has a market cap of $126.24 billion, a P/E ratio of 14.82, a PEG ratio of 1.15 and a beta of 0.68.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings cut shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. One 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.com, the stock currently has a consensus rating of “Reduce”.

Insider Buying and Selling

In other news, insider Ashish Parthasarthy sold 5,600 shares of the firm’s 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 transaction, the insider directly owned 842,958 shares in the company, valued at approximately $7,333,734.60. This trade represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider N Srinivasan sold 10,000 shares of the firm’s 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 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. In the last three months, insiders have sold 31,600 shares of company stock worth $271,660. 1.00% of the stock is owned by corporate insiders.

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).