NewEdge Advisors LLC Has $603,000 Stock Position in HDFC Bank Limited $HDB

Key Points

• NewEdge Advisors cut its HDFC Bank position by 64% in the first quarter, selling 43,182 shares and retaining 24,253 shares valued at approximately $603,000.
• Several major institutions increased their holdings, including Royal Bank of Canada, JPMorgan Chase, and Principal Financial Group; institutional investors collectively own 17.61% of HDFC Bank.
• HDFC Bank beat quarterly earnings expectations with $0.40 in EPS versus $0.38 projected, while analysts maintain a consensus “Hold” rating. Shares recently opened at $23.37, near the bank’s 12-month low.

NewEdge Advisors LLC lessened its holdings in HDFC Bank Limited (NYSE:HDB - Free Report) by 64.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,253 shares of the bank's stock after selling 43,182 shares during the period. NewEdge Advisors LLC's holdings in HDFC Bank were worth $603,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. GQG Partners LLC increased its holdings in HDFC Bank by 1.5% during the 4th quarter. GQG Partners LLC now owns 52,962,709 shares of the bank's stock worth $1,935,258,000 after purchasing an additional 777,977 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of HDFC Bank by 6.3% in the first quarter. Royal Bank of Canada now owns 42,418,483 shares of the bank's stock valued at $1,055,372,000 after purchasing an additional 2,520,716 shares in the last quarter. Schroder Investment Management Group boosted its position in shares of HDFC Bank by 4.1% during the fourth quarter. Schroder Investment Management Group now owns 26,264,726 shares of the bank's stock valued at $959,713,000 after buying an additional 1,043,596 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in HDFC Bank by 6.8% during the fourth quarter. JPMorgan Chase & Co. now owns 20,504,634 shares of the bank's stock worth $749,239,000 after buying an additional 1,299,851 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in HDFC Bank by 16,808.5% during the first quarter. Principal Financial Group Inc. now owns 17,977,844 shares of the bank's stock worth $447,289,000 after buying an additional 17,871,520 shares in the last quarter. Institutional investors own 17.61% of the company's stock.

HDFC Bank Stock Up 0.9%

Shares of HDB stock opened at $23.37 on Friday. The firm has a market cap of $119.91 billion, a P/E ratio of 13.75, a PEG ratio of 1.09 and a beta of 0.65. The company has a 50 day moving average of $24.68 and a 200-day moving average of $26.43. HDFC Bank Limited has a 12-month low of $22.66 and a 12-month high of $37.85.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data on Saturday, July 18th. The bank reported $0.40 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 business had revenue of $9.01 billion for the quarter, compared to the consensus estimate of $5 billion. As a group, equities analysts expect that HDFC Bank Limited will post 1.67 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HDB. Wall Street Zen downgraded shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Saturday, July 18th. 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. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold".

Key Headlines Impacting HDFC Bank

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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