Robeco Institutional Asset Management B.V. Buys 791,226 Shares of HDFC Bank Limited $HDB

Key Points

• Robeco Institutional Asset Management B.V. boosted its HDFC Bank stake by 6.8% in Q4, adding 791,226 shares to hold 12,392,854 shares valued at $452.8 million, with HDFC representing 0.6% of Robeco's portfolio (its 23rd-largest position).
• Analyst sentiment is weak — the consensus rating is "Reduce", with Weiss Ratings downgrading HDFC to a "sell" while Wall Street Zen moved it to "hold" (one Hold and one Sell among recent analysts).
• Insider activity: director N. Srinivasan sold 10,000 shares on March 23 for about $82,100 (avg. $8.21), trimming his stake by 1.52%; insiders collectively own roughly 1.0% of the company.

Robeco Institutional Asset Management B.V. lifted its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,392,854 shares of the bank's stock after acquiring an additional 791,226 shares during the quarter. HDFC Bank makes up 0.6% of Robeco Institutional Asset Management B.V.'s portfolio, making the stock its 23rd biggest position. Robeco Institutional Asset Management B.V. owned 0.24% of HDFC Bank worth $452,835,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Central Pacific Bank Trust Division raised its holdings in shares of HDFC Bank by 100.0% during the third quarter. Central Pacific Bank Trust Division now owns 758 shares of the bank's stock valued at $26,000 after acquiring an additional 379 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of HDFC Bank by 90.4% during the third quarter. Larson Financial Group LLC now owns 849 shares of the bank's stock valued at $29,000 after acquiring an additional 403 shares in the last quarter. Clearstead Advisors LLC raised its holdings in shares of HDFC Bank by 476.8% during the third quarter. Clearstead Advisors LLC now owns 894 shares of the bank's stock valued at $31,000 after acquiring an additional 739 shares in the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of HDFC Bank by 54.5% during the third quarter. Parkside Financial Bank & Trust now owns 913 shares of the bank's stock valued at $31,000 after acquiring an additional 322 shares in the last quarter. Finally, Accent Capital Management LLC raised its holdings in shares of HDFC Bank by 100.0% during the third quarter. Accent Capital Management LLC now owns 918 shares of the bank's stock valued at $31,000 after acquiring an additional 459 shares in the last quarter. Institutional investors own 17.61% of the company's stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, insider N Srinivasan sold 10,000 shares of the company's stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $8.21, for a total value of $82,100.00. Following the sale, the insider directly owned 648,422 shares of the company's stock, valued at $5,323,544.62. This represents a 1.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by insiders.

HDFC Bank Stock Down 0.2%

Shares of HDB stock opened at $26.74 on Friday. The stock has a market cap of $136.39 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.01 and a beta of 0.67. The business's fifty day moving average is $29.51 and its 200 day moving average is $33.22. HDFC Bank Limited has a twelve month low of $23.91 and a twelve month high of $39.81.

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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