Bessemer Group Inc. Has $128.64 Million Stake in HDFC Bank Limited $HDB

Bessemer Group Inc. boosted its position in HDFC Bank Limited (NYSE:HDB) by 18.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,520,543 shares of the bank’s stock after buying an additional 536,439 shares during the period. Bessemer Group Inc.’s holdings in HDFC Bank were worth $128,643,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in HDFC Bank by 0.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 160,258 shares of the bank’s stock valued at $5,848,000 after buying an additional 485 shares during the period. Ashoka WhiteOak Capital Pte Ltd lifted its holdings in HDFC Bank by 44.1% in the fourth quarter. Ashoka WhiteOak Capital Pte Ltd now owns 750,880 shares of the bank’s stock valued at $27,385,000 after buying an additional 229,880 shares during the period. Mirabaud Asset Management Ltd acquired a new position in HDFC Bank in the fourth quarter valued at $320,000. Aubrey Capital Management Ltd lifted its holdings in HDFC Bank by 5.2% in the fourth quarter. Aubrey Capital Management Ltd now owns 32,345 shares of the bank’s stock valued at $1,180,000 after buying an additional 1,608 shares during the period. Finally, Advisor OS LLC lifted its holdings in HDFC Bank by 11.9% in the fourth quarter. Advisor OS LLC now owns 11,559 shares of the bank’s stock valued at $422,000 after buying an additional 1,232 shares during the period. Institutional investors and hedge funds own 17.61% of the company’s stock.

HDFC Bank Trading Down 1.7%

HDB opened at $24.41 on Friday. HDFC Bank Limited has a 1-year low of $23.75 and a 1-year high of $39.81. The company has a market cap of $124.54 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 1.15 and a beta of 0.68. The company has a fifty day moving average price of $26.21 and a two-hundred day moving average price of $31.68.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of HDFC Bank from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, March 6th. Wall Street Zen raised shares of HDFC Bank from a “sell” rating to a “hold” rating in a research note on Friday, January 23rd. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.

Insider Buying and Selling at HDFC Bank

In other HDFC Bank news, insider Ashish Parthasarthy sold 5,600 shares of HDFC Bank stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $8.70, for a total value of $48,720.00. Following the completion of the sale, the insider directly owned 842,958 shares of the company’s stock, valued at approximately $7,333,734.60. The trade was a 0.66% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider N Srinivasan sold 10,000 shares of the business’s 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 sale, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 31,600 shares of company stock valued at $271,660. Insiders own 1.00% of the company’s stock.

HDFC Bank 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).