Guggenheim Capital LLC Sells 1,120 Shares of HDFC Bank Limited (NYSE:HDB)

Guggenheim Capital LLC reduced its holdings in HDFC Bank Limited (NYSE:HDB) by 5.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 21,171 shares of the bank’s stock after selling 1,120 shares during the quarter. Guggenheim Capital LLC’s holdings in HDFC Bank were worth $1,411,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Spire Wealth Management bought a new stake in HDFC Bank in the first quarter worth approximately $27,000. Thompson Investment Management Inc. bought a new stake in shares of HDFC Bank during the first quarter valued at approximately $34,000. OLD Mission Capital LLC bought a new stake in shares of HDFC Bank during the fourth quarter valued at approximately $37,000. Ridgewood Investments LLC bought a new stake in shares of HDFC Bank during the first quarter valued at approximately $37,000. Finally, Edmond DE Rothschild Holding S.A. bought a new stake in shares of HDFC Bank during the fourth quarter valued at approximately $40,000. 17.24% of the stock is currently owned by institutional investors.

HDFC Bank Stock Up 0.8 %

Shares of NYSE:HDB opened at $62.79 on Friday. The stock has a market cap of $116.78 billion, a price-to-earnings ratio of 19.62, a PEG ratio of 1.44 and a beta of 0.76. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.87. HDFC Bank Limited has a 12-month low of $55.22 and a 12-month high of $71.76. The business’s 50 day moving average is $66.85 and its 200 day moving average is $66.87.

HDFC Bank (NYSE:HDB) last announced its earnings results on Monday, July 17th. The bank reported $0.80 earnings per share (EPS) for the quarter. The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $3.93 billion. HDFC Bank had a return on equity of 17.31% and a net margin of 22.03%. On average, sell-side analysts forecast that HDFC Bank Limited will post 2.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

HDB has been the subject of several recent research reports. The Goldman Sachs Group initiated coverage on HDFC Bank in a report on Tuesday, June 20th. They set a “buy” rating for the company. Jefferies Financial Group began coverage on HDFC Bank in a report on Monday, July 17th. They set a “buy” rating for the company. Finally, StockNews.com began coverage on HDFC Bank in a research report on Thursday, August 17th. They set a “hold” rating on the stock.

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.