Madison Asset Management LLC Acquires Shares of 95,877 HDFC Bank Limited $HDB

Madison Asset Management LLC acquired a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 95,877 shares of the bank's stock, valued at approximately $2,477,000.

Other large investors have also made changes to their positions in the company. Elliott Investment Management L.P. lifted its holdings in HDFC Bank by 267.7% during the first quarter. Elliott Investment Management L.P. now owns 797,085 shares of the bank's stock valued at $19,831,000 after purchasing an additional 580,329 shares in the last quarter. KBC Group NV increased its stake in shares of HDFC Bank by 26.9% during the first quarter. KBC Group NV now owns 404,884 shares of the bank's stock worth $10,074,000 after purchasing an additional 85,882 shares in the last quarter. M&T Bank Corp increased its stake in shares of HDFC Bank by 788.3% during the fourth quarter. M&T Bank Corp now owns 115,126 shares of the bank's stock worth $4,206,000 after purchasing an additional 102,166 shares in the last quarter. ABN Amro Investment Solutions raised its position in shares of HDFC Bank by 66.0% during the 1st quarter. ABN Amro Investment Solutions now owns 1,498,938 shares of the bank's stock worth $37,294,000 after purchasing an additional 595,912 shares during the last quarter. Finally, Matthews International Capital Management LLC raised its position in shares of HDFC Bank by 58.3% during the 4th quarter. Matthews International Capital Management LLC now owns 343,916 shares of the bank's stock worth $12,567,000 after purchasing an additional 126,650 shares during the last quarter. 17.61% of the stock is owned by institutional investors and hedge funds.

HDFC Bank Stock Up 0.9%

Shares of NYSE HDB opened at $23.37 on Friday. The firm has a 50-day simple moving average of $24.68 and a 200-day simple moving average of $26.43. The stock has a market capitalization of $119.91 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 1.09 and a beta of 0.65. HDFC Bank Limited has a 52 week low of $22.66 and a 52 week high of $37.85.

HDFC Bank (NYSE:HDB - Get Free Report) last announced 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 firm had revenue of $9.01 billion for the quarter, compared to analysts' expectations of $5 billion. As a group, equities research analysts expect that HDFC Bank Limited will post 1.67 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports 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 report on Saturday, July 18th. Finally, Zacks Research upgraded HDFC Bank from a "strong sell" rating to a "hold" rating in a research report on Friday, July 17th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold".

HDFC Bank News Roundup

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

• Positive Sentiment: HDFC Bank raised $1.75 billion through a senior bond issuance by its GIFT City branch. The transaction strengthens the bank’s funding base and provides additional resources for lending and balance-sheet management. HDFC Bank Raises US$1.75 Billion via GIFT City Bond Issuance
• Positive Sentiment: The Reserve Bank of India approved Life Insurance Corporation of India’s request to increase its stake in HDFC Bank to nearly 10%. The approval could provide a measure of institutional support and create a stable long-term shareholder base. RBI Clears LIC to Raise Stake in HDFC Bank to Nearly 10%
• Positive Sentiment: HDFC Bank’s top-tier certificate-of-deposit ratings were reaffirmed as the bank increased the size of its program, supporting confidence in its credit quality and access to wholesale funding. HDFC Bank’s Top-Tier CD Ratings Reaffirmed as Programme Size Rises
• Negative Sentiment: Multiple law firms continued promoting a pending securities class action covering investors who bought HDFC Bank securities from July 17, 2023, through May 26, 2026. The allegations claim approximately ₹45 crore in deposit inducements were routed through the marketing budget, potentially misstating net interest income and operating expenses. The case names senior executives, including the CEO and CFO, and cites a cumulative $3.11 per ADS decline across two disclosure events. Lead-plaintiff deadlines are October 12–13, 2026. HDFC Bank Class Action Lawsuit Allegations

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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