Sustainable Growth Advisers LP Has $208.68 Million Stock Holdings in HDFC Bank Limited $HDB

Sustainable Growth Advisers LP lessened its position in shares of HDFC Bank Limited (NYSE:HDB) by 47.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,710,975 shares of the bank’s stock after selling 5,203,982 shares during the quarter. HDFC Bank comprises about 1.4% of Sustainable Growth Advisers LP’s investment portfolio, making the stock its 26th largest position. Sustainable Growth Advisers LP owned approximately 0.11% of HDFC Bank worth $208,679,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in HDB. Larson Financial Group LLC lifted 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 acquiring an additional 403 shares during the period. Accent Capital Management LLC lifted its stake in HDFC Bank by 100.0% in the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock valued at $31,000 after buying an additional 459 shares during the period. Clearstead Advisors LLC lifted its stake in HDFC Bank by 476.8% in the third 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. Pin Oak Investment Advisors Inc. lifted its stake in HDFC Bank by 100.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock valued at $34,000 after buying an additional 498 shares during the period. Finally, Graney & King LLC lifted its stake in HDFC Bank by 100.0% in the third quarter. Graney & King LLC now owns 1,200 shares of the bank’s stock valued at $41,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Price Performance

NYSE HDB opened at $23.57 on Tuesday. The firm has a market cap of $120.24 billion, a P/E ratio of 14.11, a P/E/G ratio of 1.10 and a beta of 0.65. The stock’s 50-day moving average is $25.26 and its 200-day moving average is $30.71. HDFC Bank Limited has a one year low of $23.31 and a one year high of $39.81.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, March 6th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Insider Transactions at HDFC Bank

In related news, insider Ashish Parthasarthy sold 6,000 shares of the 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 transaction, the insider directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider N Srinivasan sold 10,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $5,567,039.84. The trade was a 1.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 31,600 shares of company stock valued at $271,660. 1.00% of the stock is owned by corporate insiders.

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).