GUARDCAP ASSET MANAGEMENT Ltd Has $4.59 Million Position in HDFC Bank Limited (NYSE:HDB)

GUARDCAP ASSET MANAGEMENT Ltd reduced its stake in shares of HDFC Bank Limited (NYSE:HDB) by 3.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 71,820 shares of the bank’s stock after selling 2,950 shares during the quarter. HDFC Bank makes up 0.1% of GUARDCAP ASSET MANAGEMENT Ltd’s holdings, making the stock its 19th largest holding. GUARDCAP ASSET MANAGEMENT Ltd’s holdings in HDFC Bank were worth $4,586,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also made changes to their positions in the stock. Whipplewood Advisors LLC bought a new position in shares of HDFC Bank during the fourth quarter valued at $29,000. Pin Oak Investment Advisors Inc. raised its position in shares of HDFC Bank by 104.1% in the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 498 shares of the bank’s stock valued at $31,000 after acquiring an additional 254 shares during the period. Sierra Ocean LLC acquired a new stake in HDFC Bank during the 4th quarter worth $42,000. Kestra Investment Management LLC acquired a new stake in shares of HDFC Bank during the fourth quarter worth about $60,000. Finally, JFS Wealth Advisors LLC lifted its stake in HDFC Bank by 52.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 1,018 shares of the bank’s stock valued at $65,000 after buying an additional 351 shares in the last quarter. Institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

Shares of HDFC Bank stock opened at $64.54 on Friday. HDFC Bank Limited has a twelve month low of $54.07 and a twelve month high of $68.50. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a market cap of $163.42 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 2.12 and a beta of 0.92. The company’s fifty day moving average is $60.26 and its 200 day moving average is $62.48.

HDFC Bank (NYSE:HDB) last released its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HDFC Bank had a net margin of 14.64% and a return on equity of 12.19%. Sell-side analysts forecast that HDFC Bank Limited will post 3.03 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. StockNews.com lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Wednesday, November 27th. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Thursday, January 23rd. Finally, Nomura Securities raised HDFC Bank from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 23rd.

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.