HDFC Bank Limited (NYSE:HDB) Stake Raised by Oaktree Capital Management LP

Oaktree Capital Management LP increased its holdings in HDFC Bank Limited (NYSE:HDB) by 66.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,697 shares of the bank’s stock after buying an additional 35,657 shares during the quarter. Oaktree Capital Management LP’s holdings in HDFC Bank were worth $5,728,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in HDB. Whipplewood Advisors LLC bought a new stake in shares of HDFC Bank during the 4th quarter worth about $29,000. Graney & King LLC bought a new position in shares of HDFC Bank during the 4th quarter valued at about $38,000. Brown Brothers Harriman & Co. grew its stake in shares of HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after purchasing an additional 240 shares during the last quarter. Sierra Ocean LLC bought a new stake in shares of HDFC Bank in the 4th quarter worth approximately $42,000. Finally, Kestra Investment Management LLC acquired a new stake in HDFC Bank during the fourth quarter valued at approximately $60,000. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd. Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a research report on Thursday, January 23rd.

HDFC Bank Price Performance

HDB stock opened at $66.15 on Friday. HDFC Bank Limited has a one year low of $54.99 and a one year high of $68.50. The firm has a 50-day moving average of $61.01 and a two-hundred day moving average of $62.66. The firm has a market capitalization of $167.50 billion, a PE ratio of 20.10, a P/E/G ratio of 2.12 and a beta of 0.92. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 EPS for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. On average, analysts forecast that HDFC Bank Limited will post 3.03 earnings per share for the current year.

HDFC Bank Profile

HDFC Bank Limited provides banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in three segments: Wholesale Banking, Retail Banking, and Treasury Services. It accepts savings, salary, current, rural, public provident fund, pension, and demat accounts; fixed and recurring deposits; and safe deposit lockers, as well as offshore accounts and deposits, and overdrafts against fixed deposits.