Formuepleje A S Sells 143,162 Shares of HDFC Bank Limited $HDB

Key Points

• Formuepleje A/S cut its HDFC Bank position by 81.1%, selling 143,162 shares in the second quarter and retaining 33,348 shares valued at approximately $861,000. Institutional investors collectively own 17.61% of the company.
• HDFC Bank reported quarterly EPS of $0.40, beating estimates of $0.38, while revenue reached $9.01 billion. The stock opened at $23.18, near its 52-week low of $22.30, and analysts have a consensus “Hold” rating.
• The bank faces proposed securities-fraud class-action litigation involving alleged misstatements and deposit inducements; these claims remain allegations. Investors are watching for the bank’s response, court developments and any potential financial or reputational impact.

Formuepleje A S decreased its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 81.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,348 shares of the bank's stock after selling 143,162 shares during the quarter. Formuepleje A S's holdings in HDFC Bank were worth $861,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC lifted its holdings 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 worth $29,000 after acquiring an additional 403 shares during the last quarter. Axiom Investment Management LLC bought a new position in shares of HDFC Bank during the 1st quarter valued at $32,000. Bell Investment Advisors Inc raised its position in HDFC Bank by 260.9% in the 1st quarter. Bell Investment Advisors Inc now owns 1,386 shares of the bank's stock worth $34,000 after purchasing an additional 1,002 shares during the period. Pin Oak Investment Advisors Inc. raised its position in HDFC Bank by 100.0% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 996 shares of the bank's stock worth $34,000 after purchasing an additional 498 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in HDFC Bank in the third quarter worth $43,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Performance

HDB opened at $23.18 on Monday. The stock has a market capitalization of $118.94 billion, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.29 and a beta of 0.63. The stock's 50 day moving average price is $24.26 and its 200-day moving average price is $25.63. HDFC Bank Limited has a 52-week low of $22.30 and a 52-week high of $37.45.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly 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 business had revenue of $9.01 billion for the quarter, compared to analysts' expectations of $5 billion. Research analysts forecast that HDFC Bank Limited will post 1.36 EPS for the current fiscal year.

Key Stories Impacting HDFC Bank

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

• Negative Sentiment: The lawsuit covers investors who purchased HDFC Bank securities or ADSs from July 17, 2023, through May 26, 2026. HDFC Bank, CEO Sashidhar Jagdishan, and CFO Srinivasan Vaidyanathan are named as defendants. HDFC Bank securities fraud class action notice
• Negative Sentiment: One investor notice alleges that approximately ₹45 crore (about $4.7 million) in deposit inducements was routed through the bank’s marketing budget and that reported net interest income and operating expenses were misstated. These are allegations, not established findings. SueWallSt HDFC Bank investor notice
• Negative Sentiment: Announcements from Kaplan Fox, Hagens Berman, SBS Law, Rosen, Glancy Prongay and other firms are increasing the visibility of the litigation. If the claims advance, HDFC Bank could face legal expenses, damages, management distraction and reputational harm. Kaplan Fox HDFC Bank litigation notice
• Neutral Sentiment: The articles are largely duplicative law-firm solicitation and deadline reminders rather than new operating or earnings information. Investors should watch for HDFC Bank’s response, court decisions on the case, and any disclosures regarding potential financial exposure.

Analyst Ratings Changes

Several research firms have recently commented on HDB. Weiss Ratings upgraded HDFC Bank from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, July 20th. Wall Street Zen cut HDFC Bank from a "hold" rating to a "sell" rating in a research note on Saturday, July 18th. The Goldman Sachs Group assumed coverage on HDFC Bank in a research report on Friday, August 21st. They issued a "buy" rating for the company. HSBC cut shares of HDFC Bank from a "buy" rating to a "hold" rating in a report on Monday, August 31st. 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 equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock 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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