HDFC Bank Limited (NYSE:HDB) Shares Purchased by Oaktree Fund Advisors LLC

Oaktree Fund Advisors LLC boosted its position in shares of HDFC Bank Limited (NYSE:HDB) by 18.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,870 shares of the bank’s stock after buying an additional 12,026 shares during the quarter. HDFC Bank makes up 4.6% of Oaktree Fund Advisors LLC’s holdings, making the stock its 8th biggest position. Oaktree Fund Advisors LLC’s holdings in HDFC Bank were worth $4,881,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HDB. Breakout Capital Partners LP purchased a new position in shares of HDFC Bank in the 4th quarter valued at about $18,894,000. CIBC Private Wealth Group LLC raised its stake in shares of HDFC Bank by 2.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 929,921 shares of the bank’s stock worth $62,407,000 after buying an additional 21,265 shares during the period. Manning & Napier Advisors LLC purchased a new position in shares of HDFC Bank during the 2nd quarter valued at approximately $166,709,000. Sei Investments Co. lifted its position in shares of HDFC Bank by 0.8% during the 4th quarter. Sei Investments Co. now owns 1,661,176 shares of the bank’s stock valued at $111,481,000 after buying an additional 13,610 shares in the last quarter. Finally, Alberta Investment Management Corp grew its stake in HDFC Bank by 140.3% in the 4th quarter. Alberta Investment Management Corp now owns 657,660 shares of the bank’s stock valued at $44,136,000 after acquiring an additional 383,939 shares during the period. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.4 %

NYSE HDB opened at $65.73 on Friday. The business has a fifty day moving average price of $60.79 and a 200 day moving average price of $59.28. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market cap of $122.25 billion, a P/E ratio of 20.16, a P/E/G ratio of 1.63 and a beta of 0.92. HDFC Bank Limited has a one year low of $52.16 and a one year high of $67.44.

HDFC Bank (NYSE:HDB) last issued its earnings results on Monday, July 22nd. The bank reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.27. The business had revenue of $14.03 billion during the quarter, compared to analysts’ expectations of $4.81 billion. HDFC Bank had a net margin of 14.69% and a return on equity of 12.64%. Research analysts anticipate that HDFC Bank Limited will post 2.97 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th. JPMorgan Chase & Co. cut HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd.

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.