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

SG Americas Securities LLC lifted its stake in HDFC Bank Limited (NYSE:HDB - Free Report) by 33.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,938 shares of the bank's stock after purchasing an additional 4,528 shares during the quarter. SG Americas Securities LLC's holdings in HDFC Bank were worth $1,192,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HDB. Bank Pictet & Cie Europe AG increased its holdings in shares of HDFC Bank by 451.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 19,490 shares of the bank's stock valued at $1,245,000 after purchasing an additional 15,955 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of HDFC Bank by 13.0% in the fourth quarter. Principal Securities Inc. now owns 2,305 shares of the bank's stock valued at $147,000 after purchasing an additional 265 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of 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 purchasing an additional 351 shares during the last quarter. Sierra Ocean LLC acquired a new stake in shares of HDFC Bank in the fourth quarter valued at approximately $42,000. Finally, State of New Jersey Common Pension Fund D increased its holdings in shares of HDFC Bank by 9.9% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 1,048,551 shares of the bank's stock valued at $66,960,000 after purchasing an additional 94,228 shares during the last quarter. Institutional investors and hedge funds own 17.61% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised HDFC Bank from a "sell" rating to a "hold" rating in a report on Wednesday, May 14th.

HDFC Bank Trading Up 0.7%

HDFC Bank stock traded up $0.51 during mid-day trading on Wednesday, hitting $74.49. The company's stock had a trading volume of 2,259,505 shares, compared to its average volume of 2,792,762. The firm has a market capitalization of $188.62 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.75 and a beta of 0.64. HDFC Bank Limited has a 1 year low of $57.24 and a 1 year high of $77.76. The company has a current ratio of 0.07, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock's fifty day moving average is $72.88 and its two-hundred day moving average is $66.10.

HDFC Bank (NYSE:HDB - Get Free Report) last issued its quarterly earnings data on Saturday, April 19th. The bank reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.11. The company had revenue of $5.04 billion during the quarter, compared to analyst estimates of $434.68 billion. HDFC Bank had a return on equity of 13.85% and a net margin of 15.02%. On average, analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current 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.