E. Ohman J or Asset Management AB Has $7.32 Million Stock Position in HDFC Bank Limited (NYSE:HDB)

E. Ohman J or Asset Management AB lessened its holdings in HDFC Bank Limited (NYSE:HDB) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 114,600 shares of the bank’s stock after selling 2,200 shares during the quarter. E. Ohman J or Asset Management AB’s holdings in HDFC Bank were worth $7,318,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Temasek Holdings Private Ltd increased its stake in shares of HDFC Bank by 1.6% in the third quarter. Temasek Holdings Private Ltd now owns 8,367,222 shares of the bank’s stock valued at $523,453,000 after buying an additional 132,445 shares during the period. FMR LLC increased its position in HDFC Bank by 19.3% during the 3rd quarter. FMR LLC now owns 6,878,824 shares of the bank’s stock valued at $430,339,000 after purchasing an additional 1,114,210 shares during the period. Franklin Resources Inc. raised its holdings in HDFC Bank by 9.0% during the 3rd quarter. Franklin Resources Inc. now owns 6,803,828 shares of the bank’s stock worth $420,477,000 after purchasing an additional 560,880 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of HDFC Bank by 2.2% in the 3rd quarter. Wellington Management Group LLP now owns 5,069,390 shares of the bank’s stock worth $317,141,000 after purchasing an additional 108,312 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of HDFC Bank by 1.1% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,842,870 shares of the bank’s stock valued at $302,970,000 after purchasing an additional 51,736 shares during the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Price Performance

HDB stock opened at $59.87 on Tuesday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a market capitalization of $151.60 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.67 and a beta of 0.91. The firm has a 50 day moving average price of $63.35 and a 200-day moving average price of $62.37. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $68.50.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Equities research analysts forecast that HDFC Bank Limited will post 3.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HDB has been the subject of several research analyst reports. Nomura Securities raised shares of HDFC Bank from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 23rd. StockNews.com downgraded HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. Finally, Nomura raised HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd.

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.