Wellington Management Group LLP Sells 836,087 Shares of HDFC Bank Limited $HDB

Wellington Management Group LLP decreased its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 7.5% in the 2nd quarter, Holdings Channel reports. The firm owned 10,250,577 shares of the bank’s stock after selling 836,087 shares during the period. Wellington Management Group LLP’s holdings in HDFC Bank were worth $264,772,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Elliott Investment Management L.P. increased its position in shares of HDFC Bank by 267.7% during the 1st quarter. Elliott Investment Management L.P. now owns 797,085 shares of the bank’s stock valued at $19,831,000 after purchasing an additional 580,329 shares during the last quarter. KBC Group NV increased its stake in HDFC Bank by 26.9% in the 1st quarter. KBC Group NV now owns 404,884 shares of the bank’s stock worth $10,074,000 after purchasing an additional 85,882 shares during the period. M&T Bank Corp lifted its position in HDFC Bank by 788.3% in the fourth quarter. M&T Bank Corp now owns 115,126 shares of the bank’s stock valued at $4,206,000 after purchasing an additional 102,166 shares during the last quarter. ABN Amro Investment Solutions lifted its position in HDFC Bank by 66.0% in the first quarter. ABN Amro Investment Solutions now owns 1,498,938 shares of the bank’s stock valued at $37,294,000 after purchasing an additional 595,912 shares during the last quarter. Finally, Madison Asset Management LLC purchased a new stake in shares of HDFC Bank during the second quarter valued at approximately $2,477,000. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Down 0.0%

Shares of HDFC Bank stock opened at $23.07 on Monday. The business has a 50 day moving average of $24.49 and a 200 day moving average of $25.98. HDFC Bank Limited has a 52 week low of $22.45 and a 52 week high of $37.45. The company has a market cap of $118.38 billion, a PE ratio of 13.57, a P/E/G ratio of 1.09 and a beta of 0.65.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, July 18th. The bank reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.02. The company had revenue of $9.01 billion for the quarter, compared to analysts’ expectations of $5 billion. HDFC Bank had a net margin of 15.96% and a return on equity of 11.84%. On average, research analysts anticipate that HDFC Bank Limited will post 1.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

HDB has been the topic of several recent analyst reports. The Goldman Sachs Group began coverage on shares of HDFC Bank in a report on Friday, August 21st. They issued a “buy” rating on the stock. Wall Street Zen lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Zacks Research raised shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Finally, Weiss Ratings raised shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, July 20th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, HDFC Bank presently has a consensus rating of “Hold”.

More HDFC Bank News

Here are the key news stories impacting HDFC Bank this week:

• Positive Sentiment: The bank’s latest reported quarter exceeded analyst expectations, with earnings of $0.40 per share versus a $0.38 consensus estimate and revenue of $9.01 billion. However, this operating update predates the current legal-news cycle and is not the main focus of today’s coverage.
• Neutral Sentiment: Several firms—including Hagens Berman, Rosen Law Firm, Kahn Swick & Foti, Kaplan Fox, Schall Brown & Schwartz, and others—are soliciting investors to seek lead-plaintiff status. The notices concern investors who purchased HDFC Bank securities, including ADSs, between July 17, 2023, and May 26, 2026, with most notices citing an October 13, 2026 deadline. HDFC Bank securities class action notice
• Negative Sentiment: The lawsuit alleges that HDFC Bank and certain senior executives violated U.S. securities laws by making misleading statements and maintaining inadequate internal controls related to interest payments and alleged deposit inducements routed through the bank’s marketing budget. The allegations have not been proven in court, but they raise potential legal costs, management-distraction, governance, and reputational risks. HDFC Bank alleged internal control failures
• Negative Sentiment: Law-firm notices characterize the alleged disclosure as having contributed to an approximately 4% share-price decline. The repeated announcements are likely reinforcing investor concerns and helping explain why HDB has been trading well below its 50-day and 200-day moving averages and near its 52-week low.

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).