HDFC Bank Limited $HDB Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB raised its position in HDFC Bank Limited (NYSE:HDB) by 9.6% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 254,600 shares of the bank’s stock after buying an additional 22,300 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in HDFC Bank were worth $6,576,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Sapient Capital LLC grew its holdings in shares of HDFC Bank by 12.1% in the 2nd quarter. Sapient Capital LLC now owns 20,882 shares of the bank’s stock worth $539,000 after acquiring an additional 2,252 shares during the period. Legacy Wealth Asset Management LLC raised its stake in shares of HDFC Bank by 39.9% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 111,349 shares of the bank’s stock worth $2,876,000 after buying an additional 31,778 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of HDFC Bank by 269.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,746,160 shares of the bank’s stock worth $45,103,000 after buying an additional 1,273,703 shares in the last quarter. Rathbones Group PLC boosted its position in shares of HDFC Bank by 26.2% in the 1st quarter. Rathbones Group PLC now owns 3,262,790 shares of the bank’s stock worth $81,178,000 after buying an additional 676,976 shares in the last quarter. Finally, Axiom Investment Management LLC acquired a new stake in HDFC Bank in the 1st quarter valued at about $32,000. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HDB has been the topic of several research reports. Weiss Ratings upgraded shares of HDFC Bank from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, July 20th. Zacks Research raised shares of HDFC Bank from a “strong sell” rating to a “hold” rating in a research note on Friday, July 17th. Finally, Wall Street Zen downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

HDFC Bank Stock Performance

Shares of HDB opened at $23.45 on Tuesday. HDFC Bank Limited has a one year low of $22.66 and a one year high of $37.85. The stock has a 50-day moving average price of $24.72 and a 200 day moving average price of $26.94. The company has a market capitalization of $120.32 billion, a P/E ratio of 13.79, a P/E/G ratio of 1.11 and a beta of 0.65.

HDFC Bank (NYSE:HDB) last released its earnings results on Saturday, July 18th. The bank reported $0.40 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.02. The company had revenue of $14.02 billion during the quarter, compared to the consensus estimate of $5 billion. HDFC Bank had a net margin of 15.96% and a return on equity of 11.84%. As a group, equities research analysts forecast that HDFC Bank Limited will post 1.67 earnings per share for the current fiscal year.

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).