HDFC Bank Limited (NYSE:HDB) Position Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. raised its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 233,224 shares of the bank's stock after purchasing an additional 9,069 shares during the period. Oppenheimer Asset Management Inc.'s holdings in HDFC Bank were worth $15,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Whipplewood Advisors LLC bought a new stake in shares of HDFC Bank in the 4th quarter worth approximately $29,000. Graney & King LLC acquired a new stake in HDFC Bank in the fourth quarter worth $38,000. Brown Brothers Harriman & Co. lifted its stake in HDFC Bank by 63.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank's stock valued at $39,000 after buying an additional 240 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of HDFC Bank during the first quarter valued at $55,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of HDFC Bank during the fourth quarter worth about $56,000. 17.61% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of HDFC Bank from a "sell" rating to a "hold" rating in a research report on Wednesday, May 14th.

HDFC Bank Stock Performance

Shares of NYSE HDB traded up $0.16 during midday trading on Friday, hitting $77.08. 1,544,022 shares of the company's stock were exchanged, compared to its average volume of 2,773,617. HDFC Bank Limited has a twelve month low of $57.24 and a twelve month high of $78.14. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.07 and a quick ratio of 0.09. The firm has a market cap of $195.18 billion, a P/E ratio of 23.36, a PEG ratio of 1.81 and a beta of 0.64. The stock's 50 day moving average price is $73.89 and its 200-day moving average price is $66.49.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.11. The company had revenue of $5.04 billion for the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. Equities research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current year.

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.