SG Americas Securities LLC Grows Stock Holdings in HDFC Bank Limited (NYSE:HDB)

SG Americas Securities LLC raised its position in shares of HDFC Bank Limited (NYSE:HDB) by 330.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 121,615 shares of the bank’s stock after buying an additional 93,367 shares during the period. SG Americas Securities LLC’s holdings in HDFC Bank were worth $6,938,000 as of its most recent SEC filing.

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Several other hedge funds have also recently added to or reduced their stakes in HDB. Capital Insight Partners LLC lifted its position in shares of HDFC Bank by 1.4% during the second quarter. Capital Insight Partners LLC now owns 8,648 shares of the bank’s stock valued at $1,125,000 after buying an additional 116 shares during the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of HDFC Bank by 0.9% during the second quarter. Crossmark Global Holdings Inc. now owns 26,032 shares of the bank’s stock valued at $3,385,000 after buying an additional 220 shares during the last quarter. EFG Asset Management Americas Corp. lifted its position in shares of HDFC Bank by 21.6% during the second quarter. EFG Asset Management Americas Corp. now owns 3,744 shares of the bank’s stock valued at $487,000 after buying an additional 665 shares during the last quarter. Schwab Charitable Fund purchased a new stake in shares of HDFC Bank during the second quarter valued at about $451,000. Finally, Hexavest Inc. lifted its position in shares of HDFC Bank by 86.7% during the second quarter. Hexavest Inc. now owns 2,619 shares of the bank’s stock valued at $341,000 after buying an additional 1,216 shares during the last quarter. 10.18% of the stock is owned by institutional investors and hedge funds.

Shares of HDB traded down $0.46 during mid-day trading on Friday, hitting $61.81. 1,108,231 shares of the company traded hands, compared to its average volume of 1,606,642. HDFC Bank Limited has a 1-year low of $44.33 and a 1-year high of $65.89. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $112.83 billion, a PE ratio of 37.23, a price-to-earnings-growth ratio of 1.26 and a beta of 0.42. The business has a 50 day moving average of $65.15 and a 200 day moving average of $104.74.

Several equities analysts have recently issued reports on HDB shares. Zacks Investment Research upgraded shares of HDFC Bank from a “hold” rating to a “buy” rating and set a $66.00 price objective on the stock in a report on Friday, October 25th. Nomura upgraded shares of HDFC Bank from a “neutral” rating to a “buy” rating in a report on Tuesday, November 5th. ValuEngine downgraded shares of HDFC Bank from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Finally, Sanford C. Bernstein downgraded shares of HDFC Bank from an “outperform” rating to a “market perform” rating in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $97.32.

HDFC Bank Profile

HDFC Bank Limited provides a range of banking and financial services to individuals and businesses in India, Bahrain, Hong Kong, and Dubai. The company operates in Treasury, Retail Banking, Wholesale Banking, and Other Banking Business segments. It accepts savings accounts, salary accounts, current accounts, fixed and recurring deposits, demat accounts, safe deposit lockers, and rural accounts, as well as offshore accounts and deposits.

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Want to see what other hedge funds are holding HDB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HDFC Bank Limited (NYSE:HDB).

Institutional Ownership by Quarter for HDFC Bank (NYSE:HDB)

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