HDFC Bank Limited $HDB Position Increased by Donaldson Capital Management LLC

Key Points

• Donaldson Capital Management increased its stake in HDFC Bank by 29.4% in Q4, adding 52,588 shares to hold 231,267 shares worth about $8.45 million.
• Multiple institutional investors (including Hudson Edge and the State of New Jersey Common Pension Fund D) substantially raised positions — institutional ownership stands at about 17.61% of the float.
• HDFC Bank trades with a market cap of roughly $124.2 billion and a P/E of 14.62 (one‑year range $24.30–$39.81), while analyst coverage is weak (consensus "Reduce") and insider N. Srinivasan recently sold 10,000 shares.

Donaldson Capital Management LLC grew its position in HDFC Bank Limited (NYSE:HDB - Free Report) by 29.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 231,267 shares of the bank's stock after purchasing an additional 52,588 shares during the period. Donaldson Capital Management LLC's holdings in HDFC Bank were worth $8,450,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HDB. Hudson Edge Investment Partners Inc. lifted its stake in shares of HDFC Bank by 100.6% in the 3rd quarter. Hudson Edge Investment Partners Inc. now owns 1,506,200 shares of the bank's stock valued at $51,452,000 after purchasing an additional 755,200 shares during the last quarter. Jacobson & Schmitt Advisors LLC increased its position in HDFC Bank by 97.7% during the third quarter. Jacobson & Schmitt Advisors LLC now owns 383,137 shares of the bank's stock worth $13,088,000 after buying an additional 189,303 shares during the last quarter. ABN Amro Investment Solutions raised its holdings in HDFC Bank by 100.0% during the third quarter. ABN Amro Investment Solutions now owns 209,050 shares of the bank's stock valued at $7,141,000 after buying an additional 104,525 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in HDFC Bank by 102.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 2,369,307 shares of the bank's stock valued at $80,936,000 after buying an additional 1,199,084 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its position in shares of HDFC Bank by 77.3% in the third quarter. Impax Asset Management Group plc now owns 1,687,380 shares of the bank's stock worth $57,641,000 after buying an additional 735,409 shares during the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

HDFC Bank Price Performance

Shares of HDB opened at $24.35 on Monday. The company has a market capitalization of $124.20 billion, a PE ratio of 14.62, a price-to-earnings-growth ratio of 1.01 and a beta of 0.56. HDFC Bank Limited has a one year low of $24.30 and a one year high of $39.81. The company's fifty day moving average price is $30.87 and its 200 day moving average price is $33.89.

Analysts Set New Price Targets

A number of research analysts have recently commented on HDB shares. Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a report on Friday, January 23rd. Weiss Ratings lowered HDFC Bank from a "hold (c-)" rating to a "sell (d+)" rating in a report on Friday, March 6th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Reduce".

Insider Activity

In other news, insider N Srinivasan sold 10,000 shares of HDFC Bank stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $8.21, for a total value of $82,100.00. Following the transaction, the insider directly owned 648,422 shares in the company, valued at approximately $5,323,544.62. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company's stock.

About HDFC Bank

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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