1,098,042 Shares in HDFC Bank Limited $HDB Acquired by Nykredit A S

Key Points

• Nykredit A S acquired 1,098,042 shares of HDFC Bank in the second quarter, valued at approximately $28.4 million. Institutional investors collectively own 17.61% of the company.
• HDFC Bank reported quarterly EPS of $0.40, beating the $0.38 consensus estimate, while revenue reached $9.01 billion. Shares opened at $23.26, near the lower end of their 12-month range.
• Analyst sentiment is mixed, with HDFC Bank carrying an overall “Hold” rating; HSBC downgraded the stock, while Goldman Sachs initiated coverage with a “Buy” rating. The bank also faces pending securities-fraud litigation allegations that could increase legal and reputational risks.

Nykredit A S acquired a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 1,098,042 shares of the bank's stock, valued at approximately $28,362,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HDB. 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. Cary Street Partners Financial LLC purchased a new position in shares of HDFC Bank in the second quarter worth about $75,000. Pin Oak Investment Advisors Inc. boosted its position in 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 acquiring an additional 498 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in HDFC Bank during the third quarter worth about $43,000. Finally, Axiom Investment Management LLC purchased a new stake in HDFC Bank during the 1st quarter valued at about $32,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on HDB. Zacks Research upgraded shares of HDFC Bank from a "strong sell" rating to a "hold" rating in a report on Friday, July 17th. HSBC cut HDFC Bank from a "buy" rating to a "hold" rating in a report on Monday. Wall Street Zen cut HDFC Bank from a "hold" rating to a "sell" rating in a report on Saturday, July 18th. Weiss Ratings upgraded HDFC Bank from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, July 20th. Finally, The Goldman Sachs Group initiated coverage on HDFC Bank in a research report on Friday, August 21st. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, HDFC Bank presently has an average rating of "Hold".

HDFC Bank Trading Up 0.2%

HDFC Bank stock opened at $23.26 on Friday. HDFC Bank Limited has a 12-month low of $22.30 and a 12-month high of $37.45. The stock has a market cap of $119.35 billion, a P/E ratio of 13.68, a PEG ratio of 1.29 and a beta of 0.63. The company has a 50-day moving average price of $24.31 and a 200 day moving average price of $25.70.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its earnings results on Saturday, July 18th. The bank reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.02. HDFC Bank had a net margin of 15.96% and a return on equity of 11.84%. The company had revenue of $9.01 billion for the quarter, compared to analyst estimates of $5 billion. As a group, analysts forecast that HDFC Bank Limited will post 1.36 EPS for the current year.

Key Stories Impacting HDFC Bank

Here are the key news stories impacting HDFC Bank this week:

• Positive Sentiment: HDFC Bank’s most recent quarterly results exceeded analyst expectations, with earnings per share of $0.40 versus a $0.38 consensus estimate. This provides some fundamental support for the stock despite the legal overhang.
• Neutral Sentiment: The bank disclosed an unsolicited ESG rating to the NYSE, but the announcement does not indicate a material change to operations, earnings or valuation. HDFC Bank Discloses Unsolicited ESG Rating to NYSE
• Negative Sentiment: Several law firms announced or promoted a pending securities-fraud class action covering investors who bought HDFC Bank securities between July 17, 2023, and May 26, 2026. The notices allege that approximately Rs. 45 crore ($4.7 million) in deposit inducements was routed through the bank’s marketing budget, while net interest income, operating expenses and internal-control disclosures were allegedly misstated. CEO Sashidhar Jagdishan and CFO Srinivasan Vaidyanathan are named as individual defendants in at least one notice. Investors have been given an October 13, 2026 lead-plaintiff deadline, with some notices citing October 12 or October 17. The allegations could increase legal costs, regulatory scrutiny and reputational risk, although they have not been proven. SueWallSt HDFC Bank Class Action Notice
• Negative Sentiment: HSBC reportedly lowered its rating on HDFC Bank, adding a separate analyst sentiment headwind to the ongoing litigation concerns. HDFC Bank Stock Rating Lowered by HSBC

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).

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