OMERS ADMINISTRATION Corp Has $78.80 Million Position in HDFC Bank Limited $HDB

OMERS ADMINISTRATION Corp raised its holdings in HDFC Bank Limited (NYSE:HDB) by 114.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,167,310 shares of the bank’s stock after acquiring an additional 1,693,274 shares during the period. OMERS ADMINISTRATION Corp’s holdings in HDFC Bank were worth $78,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. NewEdge Advisors LLC increased its position in HDFC Bank by 8.6% during the first quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock worth $776,000 after acquiring an additional 922 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of HDFC Bank by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank’s stock valued at $58,723,000 after purchasing an additional 13,435 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in shares of HDFC Bank by 24.5% during the second quarter. Sivia Capital Partners LLC now owns 7,840 shares of the bank’s stock worth $601,000 after buying an additional 1,541 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in HDFC Bank by 464.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,484 shares of the bank’s stock worth $114,000 after purchasing an additional 1,221 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of HDFC Bank by 29.3% in the second quarter. First Trust Advisors LP now owns 51,551 shares of the bank’s stock valued at $3,952,000 after buying an additional 11,689 shares during the period. 17.61% of the stock is owned by institutional investors.

Insider Buying and Selling

In other HDFC Bank news, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were 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 trade represents a 1.54% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashish Parthasarthy sold 5,600 shares of the business’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 value of $48,720.00. Following the transaction, the insider directly owned 842,958 shares in the company, valued at $7,333,734.60. This trade represents a 0.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.00% of the company’s stock.

HDFC Bank Stock Up 0.6%

Shares of NYSE HDB opened at $23.26 on Friday. The business has a 50-day simple moving average of $24.83 and a two-hundred day simple moving average of $27.70. The company has a market cap of $118.67 billion, a P/E ratio of 13.68, a P/E/G ratio of 1.10 and a beta of 0.64. HDFC Bank Limited has a 52 week low of $22.66 and a 52 week high of $39.07.

HDFC Bank (NYSE:HDB) last released its quarterly earnings results on Saturday, July 18th. The bank reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. HDFC Bank had a return on equity of 13.14% and a net margin of 15.96%.The firm had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $5 billion. Equities research analysts anticipate that HDFC Bank Limited will post 1.67 EPS for the current year.

Wall Street Analyst Weigh In

HDB has been the topic of a number of recent analyst reports. Weiss Ratings raised HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, July 20th. Wall Street Zen cut HDFC Bank from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Finally, Zacks Research upgraded shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a report on Friday, July 17th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

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).