SG Americas Securities LLC Sells 16,693 Shares of HDFC Bank (HDB)

SG Americas Securities LLC decreased its holdings in HDFC Bank (NYSE:HDB) by 45.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,001 shares of the bank’s stock after selling 16,693 shares during the period. SG Americas Securities LLC’s holdings in HDFC Bank were worth $1,975,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Clearbridge Investments LLC bought a new position in shares of HDFC Bank in the fourth quarter valued at approximately $114,000. Tower Research Capital LLC TRC boosted its position in shares of HDFC Bank by 543.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,931 shares of the bank’s stock valued at $197,000 after acquiring an additional 1,631 shares during the period. Pitcairn Co. bought a new position in shares of HDFC Bank in the fourth quarter valued at approximately $202,000. Creative Planning bought a new position in shares of HDFC Bank in the fourth quarter valued at approximately $203,000. Finally, Advisor Partners LLC bought a new position in shares of HDFC Bank in the fourth quarter valued at approximately $216,000. Hedge funds and other institutional investors own 17.22% of the company’s stock.

A number of research firms have recently commented on HDB. Zacks Investment Research lowered shares of HDFC Bank from a “hold” rating to a “sell” rating in a research report on Thursday, April 12th. TheStreet lowered shares of HDFC Bank from a “b” rating to a “c+” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $114.00.

Shares of HDFC Bank opened at $97.92 on Friday, Marketbeat reports. HDFC Bank has a 1 year low of $98.54 and a 1 year high of $99.18. The company has a market cap of $84.91 billion, a price-to-earnings ratio of 33.42, a P/E/G ratio of 0.92 and a beta of 0.99.

About HDFC Bank

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

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