E. Ohman J or Asset Management AB Has $7.31 Million Stake in HDFC Bank Limited (NYSE:HDB)

E. Ohman J or Asset Management AB increased its stake in shares of HDFC Bank Limited (NYSE:HDB) by 39.0% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 116,800 shares of the bank’s stock after buying an additional 32,800 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in HDFC Bank were worth $7,307,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in HDB. Baillie Gifford & Co. boosted its stake in shares of HDFC Bank by 2.3% during the 2nd quarter. Baillie Gifford & Co. now owns 11,533,215 shares of the bank’s stock valued at $741,932,000 after buying an additional 263,690 shares during the period. Sustainable Growth Advisers LP boosted its position in HDFC Bank by 24.1% during the first quarter. Sustainable Growth Advisers LP now owns 8,824,089 shares of the bank’s stock valued at $493,884,000 after purchasing an additional 1,711,784 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in HDFC Bank by 11.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,791,134 shares of the bank’s stock worth $308,214,000 after purchasing an additional 486,653 shares during the last quarter. PineStone Asset Management Inc. raised its stake in shares of HDFC Bank by 115.1% during the 2nd quarter. PineStone Asset Management Inc. now owns 4,468,960 shares of the bank’s stock worth $287,488,000 after purchasing an additional 2,391,343 shares in the last quarter. Finally, Capital World Investors lifted its holdings in shares of HDFC Bank by 208.6% during the 1st quarter. Capital World Investors now owns 4,124,751 shares of the bank’s stock valued at $230,862,000 after buying an additional 2,788,197 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors and hedge funds.

HDFC Bank Trading Up 0.1 %

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. downgraded HDFC Bank from an “overweight” rating to a “neutral” rating in a report on Monday, July 22nd. StockNews.com downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th.

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.