HDFC Bank Limited (NYSE:HDB) is Oaktree Fund Advisors LLC’s 8th Largest Position

Oaktree Fund Advisors LLC grew its stake in HDFC Bank Limited (NYSE:HDB) by 18.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,870 shares of the bank’s stock after acquiring an additional 12,026 shares during the quarter. HDFC Bank comprises approximately 4.6% of Oaktree Fund Advisors LLC’s investment portfolio, 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 reporting period.

Other institutional investors have also modified their holdings of the company. Sei Investments Co. increased its holdings in shares of HDFC Bank by 6.7% during the 2nd quarter. Sei Investments Co. now owns 1,673,460 shares of the bank’s stock worth $107,654,000 after buying an additional 104,829 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in HDFC Bank in the second quarter worth approximately $38,006,000. XTX Topco Ltd increased its stake in HDFC Bank by 449.8% during the second quarter. XTX Topco Ltd now owns 29,057 shares of the bank’s stock worth $1,869,000 after acquiring an additional 23,772 shares during the last quarter. Seven Eight Capital LP purchased a new stake in HDFC Bank in the second quarter valued at $431,000. Finally, Hsbc Holdings PLC lifted its stake in shares of HDFC Bank by 1.7% in the 2nd quarter. Hsbc Holdings PLC now owns 1,874,397 shares of the bank’s stock valued at $122,869,000 after purchasing an additional 31,781 shares during the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Up 1.4 %

Shares of NYSE HDB opened at $65.73 on Friday. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $67.44. The business’s 50 day moving average is $60.79 and its two-hundred day moving average is $59.28. The firm has a market cap of $122.25 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.63 and a beta of 0.92. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 1.37.

HDFC Bank (NYSE:HDB) last posted its earnings results on Monday, July 22nd. The bank reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.27. HDFC Bank had a return on equity of 12.64% and a net margin of 14.69%. The firm had revenue of $14.03 billion for the quarter, compared to analyst estimates of $4.81 billion. Research analysts predict that HDFC Bank Limited will post 2.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HDB. JPMorgan Chase & Co. downgraded HDFC Bank from an “overweight” rating to a “neutral” rating in a research report on Monday, July 22nd. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Thursday, June 13th.

HDFC Bank Company 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.