SG Americas Securities LLC Acquires 1,886,370 Shares of HDFC Bank Limited $HDB

SG Americas Securities LLC boosted its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 6,904.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,913,692 shares of the bank’s stock after acquiring an additional 1,886,370 shares during the quarter. SG Americas Securities LLC’s holdings in HDFC Bank were worth $47,613,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Snowden Capital Advisors LLC boosted its stake in shares of HDFC Bank by 5.8% during the second quarter. Snowden Capital Advisors LLC now owns 5,707 shares of the bank’s stock valued at $438,000 after purchasing an additional 311 shares during the period. Sequoia Financial Advisors LLC increased its stake in HDFC Bank by 0.5% in the 4th quarter. Sequoia Financial Advisors LLC now owns 74,198 shares of the bank’s stock worth $2,711,000 after buying an additional 345 shares during the period. Flputnam Investment Management Co. increased its stake in HDFC Bank by 2.6% in the 4th quarter. Flputnam Investment Management Co. now owns 14,363 shares of the bank’s stock worth $525,000 after buying an additional 361 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in HDFC Bank by 19.7% during the 4th quarter. Cullen Frost Bankers Inc. now owns 2,330 shares of the bank’s stock valued at $85,000 after buying an additional 384 shares in the last quarter. Finally, Sivia Capital Partners LLC lifted its holdings in HDFC Bank by 3.0% during the 4th quarter. Sivia Capital Partners LLC now owns 13,492 shares of the bank’s stock valued at $493,000 after buying an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 17.61% of the company’s stock.

HDFC Bank Stock Performance

NYSE HDB opened at $25.06 on Tuesday. The company has a market cap of $127.86 billion, a PE ratio of 15.01, a P/E/G ratio of 1.40 and a beta of 0.65. The firm’s 50 day moving average price is $24.90 and its 200-day moving average price is $29.41. HDFC Bank Limited has a 52-week low of $22.91 and a 52-week high of $39.81.

Insiders Place Their Bets

In related news, insider Ashish Parthasarthy sold 5,600 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $8.70, for a total transaction of $48,720.00. Following the completion of the sale, the insider directly owned 842,958 shares in the company, valued at $7,333,734.60. This represents a 0.66% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider N Srinivasan sold 10,000 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $8.72, for a total value of $87,200.00. Following the sale, the insider directly owned 638,422 shares in the company, valued at approximately $5,567,039.84. The trade was a 1.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 21,600 shares of company stock valued at $189,560 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d+)” rating on shares of HDFC Bank in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, HDFC Bank has an average rating of “Reduce”.

About HDFC Bank

HDFC Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Incorporated in 1994 and promoted by Housing Development Finance Corporation (HDFC), the bank provides a full range of banking and financial services to retail, small and medium-sized enterprises, and corporate customers. It is publicly listed and also accessible to international investors through American Depositary Receipts (ADRs) trading on the New York Stock Exchange under the symbol HDB.

The bank’s core activities include retail banking (deposit accounts, personal loans, home loans, auto loans, and credit cards), commercial and corporate banking (working capital finance, term lending, trade finance and treasury services), and transaction banking (cash management and payment solutions).