HDFC Bank Limited (HDB) Shares Bought by Oppenheimer Asset Management Inc.
Oppenheimer Asset Management Inc. grew its position in shares of HDFC Bank Limited (NYSE:HDB) by 8.8% during the third quarter, according to its most recent filing with the SEC. The firm owned 37,583 shares of the bank’s stock after acquiring an additional 3,032 shares during the period. Oppenheimer Asset Management Inc.’s holdings in HDFC Bank were worth $3,621,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Harding Loevner LP boosted its position in shares of HDFC Bank by 2,141.9% in the 3rd quarter. Harding Loevner LP now owns 78,647,160 shares of the bank’s stock worth $248,755,000 after purchasing an additional 75,139,157 shares in the last quarter. FMR LLC boosted its position in shares of HDFC Bank by 4.1% in the 2nd quarter. FMR LLC now owns 14,824,081 shares of the bank’s stock worth $1,289,251,000 after purchasing an additional 589,126 shares in the last quarter. WCM Investment Management CA boosted its position in shares of HDFC Bank by 2.6% in the 3rd quarter. WCM Investment Management CA now owns 7,507,836 shares of the bank’s stock worth $723,531,000 after purchasing an additional 193,290 shares in the last quarter. Artisan Partners Limited Partnership boosted its position in shares of HDFC Bank by 19.6% in the 3rd quarter. Artisan Partners Limited Partnership now owns 3,350,974 shares of the bank’s stock worth $322,933,000 after purchasing an additional 548,882 shares in the last quarter. Finally, Fiera Capital Corp boosted its position in shares of HDFC Bank by 6.2% in the 2nd quarter. Fiera Capital Corp now owns 3,000,120 shares of the bank’s stock worth $260,920,000 after purchasing an additional 175,582 shares in the last quarter. Hedge funds and other institutional investors own 17.53% of the company’s stock.
Shares of HDFC Bank Limited (NYSE HDB) opened at $95.60 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 0.91 and a quick ratio of 0.91. HDFC Bank Limited has a 12-month low of $59.00 and a 12-month high of $100.26. The company has a market capitalization of $81,659.80, a P/E ratio of 35.94, a PEG ratio of 1.09 and a beta of 0.85.
Separately, Zacks Investment Research raised HDFC Bank from a “hold” rating to a “buy” rating and set a $107.00 price target on the stock in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $110.00.
HDFC Bank Company Profile
HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.
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