HDFC Bank Limited (NYSE:HDB) Shares Acquired by E. Ohman J or Asset Management AB

E. Ohman J or Asset Management AB boosted its position in HDFC Bank Limited (NYSE:HDB) by 39.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,800 shares of the bank’s stock after purchasing an additional 32,800 shares during the period. E. Ohman J or Asset Management AB’s holdings in HDFC Bank were worth $7,307,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC raised its stake in shares of HDFC Bank by 4.2% in the 3rd quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock worth $399,000 after buying an additional 257 shares in the last quarter. International Assets Investment Management LLC bought a new stake in HDFC Bank in the third quarter worth about $27,630,000. Greenleaf Trust bought a new stake in HDFC Bank in the third quarter worth about $686,000. Private Advisor Group LLC lifted its holdings in HDFC Bank by 22.8% in the 3rd quarter. Private Advisor Group LLC now owns 9,550 shares of the bank’s stock valued at $597,000 after acquiring an additional 1,773 shares during the last quarter. Finally, GAM Holding AG boosted its position in shares of HDFC Bank by 84.2% during the 3rd quarter. GAM Holding AG now owns 70,000 shares of the bank’s stock valued at $4,379,000 after purchasing an additional 32,000 shares in the last quarter. 17.61% of the stock is owned by institutional investors.

HDFC Bank Stock Up 0.1 %

Shares of HDFC Bank stock opened at $64.24 on Friday. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.37. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $67.44. The firm has a market capitalization of $119.47 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.95 and a beta of 0.92. The stock’s fifty day moving average is $61.94 and its 200-day moving average is $60.34.

Wall Street Analyst Weigh In

Several research firms recently commented on HDB. JPMorgan Chase & Co. lowered shares of HDFC Bank from an “overweight” rating to a “neutral” rating in a research note on Monday, July 22nd. StockNews.com cut HDFC Bank from a “hold” rating to a “sell” rating in a report on Saturday, October 12th.

HDFC Bank Company 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.