Squarepoint Ops LLC Cuts Holdings in HDFC Bank Limited (NYSE:HDB)

Squarepoint Ops LLC reduced its position in HDFC Bank Limited (NYSE:HDB) by 43.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,602 shares of the bank’s stock after selling 12,084 shares during the quarter. Squarepoint Ops LLC’s holdings in HDFC Bank were worth $996,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Whipplewood Advisors LLC purchased a new position in shares of HDFC Bank in the 4th quarter worth $29,000. Graney & King LLC purchased a new position in shares of HDFC Bank in the 4th quarter worth $38,000. Brown Brothers Harriman & Co. raised its position in shares of HDFC Bank by 63.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 617 shares of the bank’s stock worth $39,000 after buying an additional 240 shares during the period. Sierra Ocean LLC purchased a new position in shares of HDFC Bank in the 4th quarter worth $42,000. Finally, Atlas Capital Advisors Inc. purchased a new position in shares of HDFC Bank in the 4th quarter worth $56,000. 17.61% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

HDFC Bank Stock Up 0.9%

Shares of NYSE HDB opened at $75.41 on Friday. HDFC Bank Limited has a 12-month low of $55.00 and a 12-month high of $75.60. The company has a market cap of $190.96 billion, a P/E ratio of 22.92, a P/E/G ratio of 2.12 and a beta of 0.63. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 1.26. The stock has a fifty day moving average price of $70.47 and a 200 day moving average price of $65.19.

HDFC Bank (NYSE:HDB) last announced its quarterly earnings results on Saturday, April 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. HDFC Bank had a return on equity of 12.19% and a net margin of 14.64%. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $434.68 billion. Research analysts anticipate that HDFC Bank Limited will post 3.03 EPS for the current fiscal year.

HDFC Bank Company Profile

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.