HDFC Bank Limited $HDB Stock Holdings Increased by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its holdings in HDFC Bank Limited (NYSE:HDB) by 1,213.8% in the 4th quarter, HoldingsChannel reports. The firm owned 27,722 shares of the bank’s stock after purchasing an additional 25,612 shares during the quarter. Global Retirement Partners LLC’s holdings in HDFC Bank were worth $1,013,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Larson Financial Group LLC raised its stake 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 valued at $29,000 after purchasing an additional 403 shares in the last quarter. Parkside Financial Bank & Trust lifted its holdings in HDFC Bank by 54.5% in the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after purchasing an additional 322 shares during the period. Accent Capital Management LLC grew its position in HDFC Bank by 100.0% in the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after buying an additional 459 shares in the last quarter. Clearstead Advisors LLC increased its stake in HDFC Bank by 476.8% during the 3rd quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock valued at $31,000 after buying an additional 739 shares during the period. Finally, Pin Oak Investment Advisors Inc. raised its position in shares of HDFC Bank by 100.0% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock worth $34,000 after buying an additional 498 shares in the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of 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. According to MarketBeat.com, HDFC Bank has an average rating of “Reduce”.

Insider Activity

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

HDFC Bank Stock Performance

Shares of HDB stock opened at $24.75 on Tuesday. HDFC Bank Limited has a 1 year low of $23.75 and a 1 year high of $39.81. The business’s fifty day moving average is $25.64 and its 200-day moving average is $31.13. The stock has a market cap of $126.24 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 1.15 and a beta of 0.68.

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).