Engineers Gate Manager LP Has $5.24 Million Stock Position in HDFC Bank Limited $HDB

Key Points

• Engineers Gate Manager LP reduced its HDFC Bank stake by 40.3% in the second quarter, selling 136,555 shares and retaining 202,659 shares valued at approximately $5.24 million. Institutional investors collectively own 17.61% of the bank.
• HDFC Bank reported quarterly EPS of $0.40, beating estimates of $0.38, while revenue reached $9.01 billion. Shares opened at $23.33, near the 52-week low of $21.76 and below both their 50-day and 200-day moving averages.
• Analyst sentiment remains mixed, with the stock carrying a consensus “Hold” rating. Investors are also weighing legal risks from a reported securities-fraud class action and recent insider selling, despite some relief from dismissed Credit Suisse AT1-related claims in Bahrain.

Engineers Gate Manager LP lessened its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 40.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 202,659 shares of the bank's stock after selling 136,555 shares during the quarter. Engineers Gate Manager LP's holdings in HDFC Bank were worth $5,235,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. NewEdge Advisors LLC increased its holdings in HDFC Bank by 8.6% during the 1st quarter. NewEdge Advisors LLC now owns 11,676 shares of the bank's stock worth $776,000 after purchasing an additional 922 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings 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 valued at $58,723,000 after purchasing an additional 13,435 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings 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 valued at $601,000 after purchasing an additional 1,541 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of HDFC Bank by 464.3% during 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 period. Finally, First Trust Advisors LP boosted its position in shares of HDFC Bank by 29.3% during 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 period. Institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Performance

Shares of NYSE:HDB opened at $23.33 on Friday. HDFC Bank Limited has a 52-week low of $21.76 and a 52-week high of $37.45. The company has a market capitalization of $119.72 billion, a P/E ratio of 13.72, a price-to-earnings-growth ratio of 1.22 and a beta of 0.63. The company has a 50-day simple moving average of $23.94 and a 200 day simple moving average of $25.32.

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

More HDFC Bank News

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

• Positive Sentiment: A Bahrain High Civil Court reportedly dismissed the final two investor claims tied to Credit Suisse AT1 bonds on September 9, bringing the total number of rejected Bahrain cases to seven. The outcome reduces a legal overhang and follows a favorable March ruling in India involving related complaints. HDFC Bank Rallies as Bahrain Court Relief Eases Legal Overhang
• Neutral Sentiment: The move may also reflect bargain hunting after recent weakness. HDFC Bank’s shares remain below their 50-day and 200-day moving averages and close to the reported 52-week low, suggesting valuation support but continued investor caution.
• Negative Sentiment: Multiple law firms are publicizing a securities-fraud class action against HDFC Bank and certain executives. The case covers investors who purchased securities between July 17, 2023, and May 26, 2026, with lead-plaintiff deadlines generally falling on October 12 or October 13, 2026. The allegations include claims that approximately 4.5 billion Indian rupees in deposit inducements were routed through marketing expenses to pay higher interest to a state-owned company. The allegations have not been proven, but the litigation could create financial, regulatory, and reputational exposure. HDFC Bank Securities Fraud Class Action Filed
• Negative Sentiment: Reported insider activity has been entirely selling over the past six months: two bank executives sold a combined 31,600 shares, with no reported purchases. While these transactions may be immaterial relative to HDFC Bank’s size, they provide a modestly cautious signal.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HDB shares. The Goldman Sachs Group initiated coverage on HDFC Bank in a research report on Friday, August 21st. They issued 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. HSBC cut shares of HDFC Bank from a "buy" rating to a "hold" rating in a research note on Monday, August 31st. Weiss Ratings raised shares of HDFC Bank from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, July 20th. Finally, Zacks Research upgraded shares of HDFC Bank from a "strong sell" rating to a "hold" rating in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, HDFC Bank presently has a consensus rating of "Hold".

About HDFC Bank

HDFC Bank Limited is an India-based banking and financial services company headquartered in Mumbai. Established in 1994 and commencing operations in 1995, the bank serves individual consumers, small and midsize businesses, corporations, institutions and government-related organizations.

The bank provides a broad range of services, including savings and current accounts, fixed deposits, personal and home loans, vehicle and business financing, credit and debit cards, payments, remittances, wealth management and insurance distribution.

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