Mondrian Investment Partners LTD Grows Position in HDFC Bank Limited $HDB

Mondrian Investment Partners LTD raised its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 42.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,365,044 shares of the bank’s stock after buying an additional 406,026 shares during the quarter. Mondrian Investment Partners LTD’s holdings in HDFC Bank were worth $49,879,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Larson Financial Group LLC grew its holdings 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 worth $29,000 after buying an additional 403 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in shares of HDFC Bank by 54.5% during the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank’s stock worth $31,000 after buying an additional 322 shares in the last quarter. Accent Capital Management LLC grew its holdings in shares of HDFC Bank by 100.0% during the third quarter. Accent Capital Management LLC now owns 918 shares of the bank’s stock worth $31,000 after buying an additional 459 shares in the last quarter. Clearstead Advisors LLC grew its holdings in shares of HDFC Bank by 476.8% during the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank’s stock worth $31,000 after buying an additional 739 shares in the last quarter. Finally, Pin Oak Investment Advisors Inc. grew its holdings in shares of HDFC Bank by 100.0% during the third quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank’s stock worth $34,000 after buying an additional 498 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

Shares of HDB stock opened at $24.75 on Friday. The firm has a market cap of $126.24 billion, a PE ratio of 14.82, a price-to-earnings-growth ratio of 1.15 and a beta of 0.68. The company has a 50-day moving average of $25.71 and a two-hundred day moving average of $31.25. HDFC Bank Limited has a 1-year low of $23.75 and a 1-year high of $39.81.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. One research 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, HDFC Bank has a consensus rating of “Reduce”.

Insider Activity

In other HDFC Bank news, insider Ashish Parthasarthy sold 6,000 shares of the stock in a transaction dated 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 $7,586,108.52. This trade represents a 0.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction of $87,200.00. Following the transaction, the insider directly owned 638,422 shares of the company’s stock, valued at approximately $5,567,039.84. This trade represents a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 31,600 shares of company stock valued at $271,660. 1.00% of the stock is currently owned by 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).