Oppenheimer Asset Management Inc. Boosts Stake in HDFC Bank Limited (NYSE:HDB)

Oppenheimer Asset Management Inc. boosted its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 28.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 250,248 shares of the bank's stock after acquiring an additional 54,994 shares during the period. Oppenheimer Asset Management Inc.'s holdings in HDFC Bank were worth $15,656,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Ridgewood Investments LLC purchased a new position in shares of HDFC Bank in the second quarter worth about $36,000. Northwest Investment Counselors LLC acquired a new stake in HDFC Bank during the 3rd quarter valued at approximately $38,000. JFS Wealth Advisors LLC boosted its holdings in shares of HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock valued at $42,000 after acquiring an additional 275 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of HDFC Bank in the first quarter worth $56,000. Finally, GAMMA Investing LLC raised its holdings in shares of HDFC Bank by 56.0% during the second quarter. GAMMA Investing LLC now owns 903 shares of the bank's stock worth $58,000 after purchasing an additional 324 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on HDB shares. StockNews.com raised shares of HDFC Bank from a "sell" rating to a "hold" rating in a report on Friday, November 8th. JPMorgan Chase & Co. downgraded HDFC Bank from an "overweight" rating to a "neutral" rating in a report on Monday, July 22nd.

HDFC Bank Stock Performance

NYSE HDB traded up $0.82 during mid-day trading on Thursday, reaching $62.20. 440,693 shares of the stock were exchanged, compared to its average volume of 2,975,457. The company has a market capitalization of $157.51 billion, a P/E ratio of 18.66, a P/E/G ratio of 1.63 and a beta of 0.91. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.53 and a current ratio of 0.53. The business's 50 day moving average is $62.81 and its 200-day moving average is $60.93. HDFC Bank Limited has a 1 year low of $52.16 and a 1 year high of $67.44.

HDFC Bank (NYSE:HDB - Get Free Report) last posted its quarterly earnings data on Saturday, October 19th. The bank reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The company had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $4.84 billion. On average, equities research analysts forecast that HDFC Bank Limited will post 3.2 EPS for the current fiscal year.

About HDFC Bank

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.