Natixis Advisors LLC Acquires 180,884 Shares of HDFC Bank Limited $HDB

Natixis Advisors LLC increased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,179,690 shares of the bank’s stock after purchasing an additional 180,884 shares during the quarter. Natixis Advisors LLC owned 0.10% of HDFC Bank worth $189,266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Channing Global Advisors LLC increased its position in HDFC Bank by 1.3% during the fourth quarter. Channing Global Advisors LLC now owns 179,616 shares of the bank’s stock valued at $6,563,000 after acquiring an additional 2,222 shares during the last quarter. Mawer Investment Management Ltd. increased its position in HDFC Bank by 7.4% during the fourth quarter. Mawer Investment Management Ltd. now owns 3,187,295 shares of the bank’s stock valued at $116,464,000 after acquiring an additional 218,865 shares during the last quarter. BNP Paribas increased its position in HDFC Bank by 9.5% during the fourth quarter. BNP Paribas now owns 357,729 shares of the bank’s stock valued at $13,072,000 after acquiring an additional 31,025 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in HDFC Bank by 14.8% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 576,635 shares of the bank’s stock valued at $21,070,000 after acquiring an additional 74,529 shares during the last quarter. Finally, Eurizon Asset Management Slovakia sprav. spol. a.s. purchased a new stake in HDFC Bank during the fourth quarter valued at $132,000. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Down 0.9%

Shares of HDB opened at $23.57 on Tuesday. The business has a 50-day simple moving average of $25.26 and a two-hundred day simple moving average of $30.71. The stock has a market cap of $120.24 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.10 and a beta of 0.65. HDFC Bank Limited has a 52 week low of $23.31 and a 52 week high of $39.81.

Insider Transactions at HDFC Bank

In other HDFC Bank news, insider Ashish Parthasarthy sold 5,600 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was sold at an average price of $8.70, for a total value of $48,720.00. Following the completion of the sale, the insider owned 842,958 shares in the company, valued at $7,333,734.60. This represents a 0.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider N Srinivasan sold 10,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $8.72, for a total value of $87,200.00. Following the sale, the insider owned 638,422 shares of the company’s stock, valued at $5,567,039.84. This represents a 1.54% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 31,600 shares of company stock valued at $271,660. Company insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, March 6th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

About HDFC Bank

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).