JPMorgan Chase & Co. Has $749.24 Million Position in HDFC Bank Limited $HDB

JPMorgan Chase & Co. lifted its holdings in HDFC Bank Limited (NYSE:HDB) by 6.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,504,634 shares of the bank’s stock after acquiring an additional 1,299,851 shares during the period. JPMorgan Chase & Co. owned approximately 0.40% of HDFC Bank worth $749,239,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Snowden Capital Advisors LLC grew its stake in shares of HDFC Bank by 5.8% in the second quarter. Snowden Capital Advisors LLC now owns 5,707 shares of the bank’s stock valued at $438,000 after acquiring an additional 311 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of HDFC Bank by 0.5% in the fourth quarter. Sequoia Financial Advisors LLC now owns 74,198 shares of the bank’s stock valued at $2,711,000 after acquiring an additional 345 shares in the last quarter. Flputnam Investment Management Co. grew its stake in shares of HDFC Bank by 2.6% in the fourth quarter. Flputnam Investment Management Co. now owns 14,363 shares of the bank’s stock valued at $525,000 after acquiring an additional 361 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of HDFC Bank by 19.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 2,330 shares of the bank’s stock valued at $85,000 after acquiring an additional 384 shares in the last quarter. Finally, Sivia Capital Partners LLC grew its stake in shares of HDFC Bank by 3.0% in the fourth quarter. Sivia Capital Partners LLC now owns 13,492 shares of the bank’s stock valued at $493,000 after acquiring an additional 397 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

HDFC Bank Trading Up 1.1%

HDB stock opened at $23.26 on Wednesday. The stock has a market capitalization of $118.63 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 1.07 and a beta of 0.65. HDFC Bank Limited has a 12 month low of $22.91 and a 12 month high of $39.81. The firm has a 50-day moving average price of $25.05 and a 200-day moving average price of $30.15.

Insider Buying and Selling

In related news, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 638,422 shares in the company, valued at $5,567,039.84. This trade represents a 1.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Ashish Parthasarthy sold 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 21st. The shares were sold at an average price of $8.94, for a total transaction of $53,640.00. Following the completion of the transaction, the insider owned 848,558 shares of the company’s stock, valued at approximately $7,586,108.52. This trade represents a 0.70% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 31,600 shares of company stock valued at $271,660. 1.00% of the stock is owned by company insiders.

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).