BSN CAPITAL PARTNERS Ltd Makes New Investment in HDFC Bank Limited $HDB

BSN CAPITAL PARTNERS Ltd purchased a new stake in HDFC Bank Limited (NYSE:HDB) during the 4th quarter, Holdings Channel.com reports. The firm purchased 541,500 shares of the bank’s stock, valued at approximately $19,364,000. HDFC Bank accounts for 0.9% of BSN CAPITAL PARTNERS Ltd’s investment portfolio, making the stock its 18th largest holding.

Other institutional investors also recently modified their holdings of the company. Schroder Investment Management Group boosted its holdings in HDFC Bank by 137.6% during the third quarter. Schroder Investment Management Group now owns 25,221,130 shares of the bank’s stock worth $861,554,000 after purchasing an additional 14,606,422 shares during the last quarter. Royal Bank of Canada increased its position in shares of HDFC Bank by 31.0% during the 4th quarter. Royal Bank of Canada now owns 39,897,767 shares of the bank’s stock worth $1,457,865,000 after purchasing an additional 9,451,992 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of HDFC Bank by 9,866.5% during the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 7,944,403 shares of the bank’s stock worth $271,381,000 after purchasing an additional 7,864,692 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of HDFC Bank by 106.1% during the 3rd quarter. Franklin Resources Inc. now owns 13,884,943 shares of the bank’s stock worth $474,310,000 after purchasing an additional 7,147,440 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of HDFC Bank by 94.3% during the 3rd quarter. Wellington Management Group LLP now owns 13,155,196 shares of the bank’s stock worth $449,381,000 after purchasing an additional 6,386,002 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Stock Up 0.2%

HDB opened at $25.11 on Friday. HDFC Bank Limited has a 12-month low of $22.91 and a 12-month high of $39.81. The stock has a market cap of $128.08 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 1.40 and a beta of 0.65. The business has a 50 day moving average of $24.94 and a 200-day moving average of $29.52.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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 assigned a Sell rating to the company. According to MarketBeat, HDFC Bank has an average rating of “Reduce”.

Insiders Place Their Bets

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 stock was sold at an average price of $8.72, for a total transaction of $87,200.00. Following the completion of 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 document filed with the SEC, which is available through this hyperlink. Also, insider Ashish Parthasarthy sold 5,600 shares of HDFC Bank stock in a transaction on Tuesday, April 28th. The stock was 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 of the company’s stock, valued at approximately $7,333,734.60. This trade represents a 0.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 31,600 shares of company stock worth $271,660. 1.00% of the stock is owned by company 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).