HDFC Bank Limited $HDB Stake Increased by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. increased its stake in HDFC Bank Limited (NYSE:HDB) by 29.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 403,000 shares of the bank’s stock after buying an additional 91,000 shares during the period. HDFC Bank comprises about 1.3% of Nicola Wealth Management LTD.’s investment portfolio, making the stock its 27th largest position. Nicola Wealth Management LTD.’s holdings in HDFC Bank were worth $14,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HDB. NewEdge Advisors LLC increased its stake in shares of HDFC Bank by 8.6% in the first quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank’s stock worth $776,000 after buying an additional 922 shares during the last quarter. Goldman Sachs Group Inc. increased its stake 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 buying an additional 13,435 shares during the last quarter. Sivia Capital Partners LLC increased its stake 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 buying an additional 1,541 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake 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 buying an additional 1,221 shares during the last quarter. Finally, First Trust Advisors LP increased its stake 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 buying an additional 11,689 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

Analyst Ratings Changes

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

HDFC Bank Price Performance

HDFC Bank stock opened at $24.75 on Monday. The company has a market cap of $126.24 billion, a PE ratio of 14.82, a P/E/G ratio of 1.15 and a beta of 0.68. The company has a fifty day moving average price of $25.71 and a two-hundred day moving average price of $31.22. HDFC Bank Limited has a 12 month low of $23.75 and a 12 month high of $39.81.

Insiders Place Their Bets

In other HDFC Bank news, insider N Srinivasan sold 10,000 shares of HDFC Bank 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 completion of the transaction, the insider owned 638,422 shares of the company’s stock, 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 SEC, which is available through this link. Also, insider Ashish Parthasarthy sold 6,000 shares of HDFC Bank stock in a transaction on 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 of the company’s stock, valued at approximately $7,586,108.52. This represents a 0.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 31,600 shares of company stock valued at $271,660. 1.00% of the stock is currently owned by corporate 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).