SG Americas Securities LLC Cuts Stake in HDFC Bank Limited (NYSE:HDB)

SG Americas Securities LLC lowered its position in shares of HDFC Bank Limited (NYSE:HDB) by 12.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 13,410 shares of the bank’s stock after selling 1,962 shares during the quarter. SG Americas Securities LLC’s holdings in HDFC Bank were worth $856,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in HDB. Glenmede Trust Co. NA boosted its holdings in HDFC Bank by 3.6% in the third quarter. Glenmede Trust Co. NA now owns 4,807 shares of the bank’s stock worth $301,000 after purchasing an additional 167 shares during the last quarter. Commerce Bank increased its position in HDFC Bank by 7.0% during the third quarter. Commerce Bank now owns 3,427 shares of the bank’s stock valued at $214,000 after acquiring an additional 225 shares during the last quarter. Pin Oak Investment Advisors Inc. lifted its holdings in HDFC Bank by 104.1% in the third 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. Mount Yale Investment Advisors LLC boosted its holdings in shares of HDFC Bank by 4.2% in the third quarter. Mount Yale Investment Advisors LLC now owns 6,371 shares of the bank’s stock worth $399,000 after buying an additional 257 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its holdings in HDFC Bank by 70.2% during the third quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank’s stock valued at $42,000 after buying an additional 275 shares during the last quarter. 17.61% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on HDB. Nomura upgraded HDFC Bank from a “neutral” rating to a “buy” rating in a research note on Thursday, January 23rd. StockNews.com cut shares of HDFC Bank from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th.

HDFC Bank Stock Up 2.8 %

Shares of NYSE HDB opened at $60.37 on Wednesday. The stock has a market capitalization of $152.87 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 1.73 and a beta of 0.92. HDFC Bank Limited has a 12-month low of $52.16 and a 12-month high of $68.50. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 1.34. The firm’s 50-day moving average price is $63.62 and its 200-day moving average price is $62.38.

HDFC Bank (NYSE:HDB) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. HDFC Bank had a return on equity of 11.78% and a net margin of 14.64%. On average, equities research analysts anticipate that HDFC Bank Limited will post 3.13 EPS for the current fiscal year.

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.