Eurizon Capital SGR S.p.A. Purchases Shares of 150,511 HDFC Bank Limited $HDB

Eurizon Capital SGR S.p.A. purchased a new stake in HDFC Bank Limited (NYSE:HDB) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 150,511 shares of the bank’s stock, valued at approximately $5,500,000.

A number of other institutional investors have also recently bought and sold shares of HDB. NewEdge Advisors LLC lifted its stake in HDFC Bank by 8.6% in the first quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock valued at $776,000 after buying an additional 922 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of HDFC Bank by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 883,855 shares of the bank’s stock worth $58,723,000 after purchasing an additional 13,435 shares in the last quarter. Sivia Capital Partners LLC lifted its position in shares of HDFC Bank by 24.5% in the second quarter. Sivia Capital Partners LLC now owns 7,840 shares of the bank’s stock worth $601,000 after purchasing an additional 1,541 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of HDFC Bank by 464.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,484 shares of the bank’s stock worth $114,000 after purchasing an additional 1,221 shares in the last quarter. Finally, First Trust Advisors LP lifted its position in shares of HDFC Bank by 29.3% in the second quarter. First Trust Advisors LP now owns 51,551 shares of the bank’s stock worth $3,952,000 after purchasing an additional 11,689 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

Insider Buying and Selling at HDFC Bank

In other HDFC Bank news, insider N Srinivasan sold 10,000 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 638,422 shares in the company, valued at $5,567,039.84. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Ashish Parthasarthy sold 6,000 shares of the company’s stock in a transaction 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 in the company, valued at approximately $7,586,108.52. This represents a 0.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 31,600 shares of company stock worth $271,660. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, HDFC Bank currently has a consensus rating of “Reduce”.

HDFC Bank Trading Down 0.9%

Shares of HDB opened at $23.57 on Tuesday. The company has a market cap of $120.24 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 1.10 and a beta of 0.65. HDFC Bank Limited has a 1-year low of $23.31 and a 1-year high of $39.81. The company’s fifty day simple moving average is $25.26 and its 200 day simple moving average is $30.71.

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).