HDFC Bank Limited $HDB Position Boosted by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC grew its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 11.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 265,461 shares of the bank’s stock after purchasing an additional 26,768 shares during the period. O Shaughnessy Asset Management LLC’s holdings in HDFC Bank were worth $9,700,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Larson Financial Group LLC boosted its position in shares of HDFC Bank by 90.4% during the 3rd 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. Accent Capital Management LLC boosted its position in shares of HDFC Bank by 100.0% during the 3rd quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after purchasing an additional 459 shares in the last quarter. Clearstead Advisors LLC boosted its position in shares of 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 purchasing an additional 739 shares in the last quarter. Pin Oak Investment Advisors Inc. boosted 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 valued at $34,000 after purchasing an additional 498 shares in the last quarter. Finally, Graney & King LLC boosted its position in shares of HDFC Bank by 100.0% during the 3rd quarter. Graney & King LLC now owns 1,200 shares of the bank’s stock valued at $41,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

Insider Buying and Selling

In related news, insider N Srinivasan sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $8.72, for a total value of $87,200.00. Following the transaction, the insider owned 638,422 shares in the company, valued at approximately $5,567,039.84. This represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Ashish Parthasarthy sold 5,600 shares of the stock in a transaction that occurred on 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 transaction, the insider owned 842,958 shares in the company, valued at $7,333,734.60. This represents a 0.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,600 shares of company stock valued at $271,660 over the last three months. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of HDFC Bank in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, HDFC Bank currently has an average rating of “Reduce”.

HDFC Bank Price Performance

NYSE HDB opened at $23.22 on Thursday. The company has a 50 day simple moving average of $25.03 and a 200-day simple moving average of $30.06. The firm has a market capitalization of $118.44 billion, a price-to-earnings ratio of 13.90, a price-to-earnings-growth ratio of 1.08 and a beta of 0.65. HDFC Bank Limited has a 52-week low of $22.91 and a 52-week high of $39.81.

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).