SG Americas Securities LLC trimmed its holdings in shares of HDFC Bank Limited (NYSE:HDB) by 6.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,854 shares of the bank’s stock after selling 3,280 shares during the quarter. SG Americas Securities LLC’s holdings in HDFC Bank Limited were worth $4,804,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in HDFC Bank Limited by 1,011.6% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 143,400 shares of the bank’s stock valued at $12,471,000 after buying an additional 130,500 shares during the period. AXA increased its holdings in HDFC Bank Limited by 37.0% during the second quarter. AXA now owns 211,012 shares of the bank’s stock valued at $18,352,000 after buying an additional 57,024 shares during the period. PNC Financial Services Group Inc. increased its holdings in HDFC Bank Limited by 9.4% during the second quarter. PNC Financial Services Group Inc. now owns 221,632 shares of the bank’s stock valued at $19,275,000 after buying an additional 19,036 shares during the period. Commonwealth Bank of Australia increased its holdings in HDFC Bank Limited by 5.8% during the second quarter. Commonwealth Bank of Australia now owns 1,785,626 shares of the bank’s stock valued at $155,294,000 after buying an additional 97,637 shares during the period. Finally, Blair William & Co. IL increased its holdings in HDFC Bank Limited by 73.8% during the second quarter. Blair William & Co. IL now owns 12,486 shares of the bank’s stock valued at $1,086,000 after buying an additional 5,300 shares during the period. 17.78% of the stock is currently owned by institutional investors.

HDFC Bank Limited (NYSE HDB) traded up $2.47 during midday trading on Friday, reaching $97.00. 444,033 shares of the company’s stock traded hands, compared to its average volume of 683,356. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.71. HDFC Bank Limited has a fifty-two week low of $59.00 and a fifty-two week high of $100.26. The stock has a market capitalization of $82,855.66, a price-to-earnings ratio of 36.47, a P/E/G ratio of 1.11 and a beta of 0.83.

Several brokerages recently issued reports on HDB. BidaskClub raised shares of HDFC Bank Limited from a “buy” rating to a “strong-buy” rating in a report on Monday, July 24th. Jefferies Group LLC raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research raised shares of HDFC Bank Limited from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a report on Wednesday, August 16th. Finally, Morgan Stanley raised shares of HDFC Bank Limited from an “equal weight” rating to an “overweight” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. HDFC Bank Limited has a consensus rating of “Buy” and a consensus target price of $110.00.

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HDFC Bank Limited Company Profile

HDFC Bank Limited (the Bank) is a holding company. The Bank offers a range of banking services covering commercial and investment banking on the wholesale side and transactional/branch banking on the retail side. It also offers financial services. The Bank’s segments include Treasury, Retail banking, Wholesale banking and Other banking business.

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

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