2,524,344 Shares in HDFC Bank Limited $HDB Purchased by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 2,524,344 HDFC Bank shares valued at approximately $65.2 million, while institutional investors collectively own 17.61% of the company.
• HDFC Bank shares opened at $22.47, down 3.0%, near their 12-month low of $22.45 and below both their 50-day and 200-day moving averages.
• The bank exceeded quarterly earnings expectations, reporting $0.40 EPS versus $0.38 forecast and $9.01 billion in revenue; analysts nevertheless maintain a consensus “Hold” rating amid ongoing securities-law allegations and related investor alerts.

Public Employees Retirement System of Ohio bought a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,524,344 shares of the bank's stock, valued at approximately $65,204,000.

Other hedge funds also recently bought and sold shares of the company. Larson Financial Group LLC raised its stake in shares of HDFC Bank by 90.4% in the 3rd quarter. Larson Financial Group LLC now owns 849 shares of the bank's stock valued at $29,000 after acquiring an additional 403 shares during the period. Cary Street Partners Financial LLC acquired a new stake in HDFC Bank in the 2nd quarter valued at approximately $75,000. Pin Oak Investment Advisors Inc. raised its position in HDFC Bank by 100.0% in the third quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank's stock valued at $34,000 after purchasing an additional 498 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in HDFC Bank during the third quarter worth $43,000. Finally, Axiom Investment Management LLC acquired a new position in HDFC Bank during the first quarter worth $32,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

More HDFC Bank News

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

• Neutral Sentiment: Investors who purchased HDFC Bank securities or ADSs between July 17, 2023, and May 26, 2026, are being reminded that the lead-plaintiff application deadline is generally October 13, 2026; one notice cites October 12. Investors may retain recovery rights even if they do not seek to lead the case. ClaimsFiler shareholder alert
• Negative Sentiment: The lawsuit alleges that HDFC Bank and certain senior executives violated U.S. securities laws by failing to disclose internal-control problems that allegedly allowed approximately ₹45 crore ($4.7 million) in deposit inducements to be routed through the bank’s marketing budget. The claims remain allegations and have not been proven. SueWallSt HDB deadline alert
• Negative Sentiment: Several legal firms link the alleged disclosures and “deceptive interest payments” to an approximately 4% share-price decline during the class period. Continued publicity could weigh on HDB through litigation costs, potential damages, reputational risk, and concerns about governance and controls. Kahn Swick & Foti HDFC Bank securities-fraud notice
• Neutral Sentiment: The article about a broker’s upside target applies to HDB Financial Services, not HDFC Bank Limited, and therefore is not a direct catalyst for HDB shares.

HDFC Bank Trading Down 3.0%

Shares of NYSE HDB opened at $22.47 on Friday. The stock has a market cap of $115.28 billion, a P/E ratio of 13.22, a PEG ratio of 1.09 and a beta of 0.65. The business's fifty day simple moving average is $24.53 and its 200-day simple moving average is $26.06. HDFC Bank Limited has a 12-month low of $22.45 and a 12-month high of $37.45.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings results on Saturday, July 18th. The bank reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $5 billion. HDFC Bank had a return on equity of 11.84% and a net margin of 15.96%. On average, equities analysts forecast that HDFC Bank Limited will post 1.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Zacks Research raised HDFC Bank from a "strong sell" rating to a "hold" rating in a research note on Friday, July 17th. The Goldman Sachs Group initiated coverage on HDFC Bank in a research note on Friday, August 21st. They set a "buy" rating on the stock. Wall Street Zen downgraded HDFC Bank from a "hold" rating to a "sell" rating in a research report on Saturday, July 18th. Finally, Weiss Ratings upgraded shares of HDFC Bank from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

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).

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