Shah Wealth Advisors LLC Invests $9.07 Million in HDFC Bank Limited $HDB

Key Points

• Shah Wealth Advisors acquired 351,228 HDFC Bank shares worth approximately $9.07 million, making HDB 2.1% of its portfolio and its 15th-largest holding.
• Other institutions also increased exposure, including Raiffeisen Bank International, which boosted its stake by 999.2%; institutional investors and hedge funds collectively own 17.61% of HDFC Bank.
• Analyst sentiment remains mixed, with the stock carrying an overall “Hold” rating. HDFC Bank also faces securities-fraud litigation allegations, which could create legal, financial and reputational risks, although the claims have not been established.

Shah Wealth Advisors LLC acquired a new stake in HDFC Bank Limited (NYSE:HDB - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 351,228 shares of the bank's stock, valued at approximately $9,072,000. HDFC Bank accounts for 2.1% of Shah Wealth Advisors LLC's investment portfolio, making the stock its 15th largest position.

Several other institutional investors have also recently added to or reduced their stakes in the business. MW Advisory LLC purchased a new position in shares of HDFC Bank during the 2nd quarter worth about $260,000. Raiffeisen Bank International AG increased its position in HDFC Bank by 999.2% during the second quarter. Raiffeisen Bank International AG now owns 756,000 shares of the bank's stock worth $19,588,000 after purchasing an additional 687,223 shares during the last quarter. Sapient Capital LLC raised its stake in HDFC Bank by 12.1% during the second quarter. Sapient Capital LLC now owns 20,882 shares of the bank's stock worth $539,000 after purchasing an additional 2,252 shares during the period. Syon Capital LLC acquired a new position in shares of HDFC Bank in the 2nd quarter valued at $276,000. Finally, TD Waterhouse Canada Inc. grew its stake in shares of HDFC Bank by 215.5% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,868 shares of the bank's stock valued at $99,000 after buying an additional 2,642 shares during the period. 17.61% of the stock is currently owned by institutional investors and hedge funds.

More HDFC Bank News

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.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on HDB shares. HSBC cut HDFC Bank from a "buy" rating to a "hold" rating in a report on Monday, August 31st. The Goldman Sachs Group assumed coverage on HDFC Bank in a research note on Friday, August 21st. They issued a "buy" rating on the stock. Zacks Research raised shares of HDFC Bank from a "strong sell" rating to a "hold" rating in a research report on Friday, July 17th. Wall Street Zen lowered shares of HDFC Bank from a "hold" rating to a "sell" rating in a report on Saturday, July 18th. Finally, 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. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

HDFC Bank Stock Performance

HDB stock opened at $23.18 on Friday. The firm has a market cap of $118.94 billion, a P/E ratio of 13.64, a price-to-earnings-growth ratio of 1.30 and a beta of 0.63. HDFC Bank Limited has a 1 year low of $22.30 and a 1 year high of $37.45. The stock has a 50-day simple moving average of $24.26 and a 200-day simple moving average of $25.68.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Saturday, July 18th. The bank reported $0.40 EPS for the quarter, topping 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 firm had revenue of $9.01 billion for the quarter, compared to analyst estimates of $5 billion. On average, equities research analysts predict that HDFC Bank Limited will post 1.36 EPS for the current year.

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).

Want to see what other hedge funds are holding HDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HDFC Bank Limited (NYSE:HDB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source