HDFC Bank Limited (NYSE:HDB) Stock Holdings Lessened by Squarepoint Ops LLC

Squarepoint Ops LLC trimmed its holdings in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 43.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,602 shares of the bank's stock after selling 12,084 shares during the period. Squarepoint Ops LLC's holdings in HDFC Bank were worth $996,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Temasek Holdings Private Ltd grew its holdings in HDFC Bank by 2.3% during the fourth quarter. Temasek Holdings Private Ltd now owns 8,557,788 shares of the bank's stock worth $546,500,000 after acquiring an additional 190,566 shares during the period. State of Wyoming boosted its holdings in HDFC Bank by 29.5% during the fourth quarter. State of Wyoming now owns 9,924 shares of the bank's stock worth $634,000 after buying an additional 2,260 shares in the last quarter. Steadfast Capital Management LP acquired a new position in HDFC Bank in the fourth quarter worth approximately $11,763,000. Silvercrest Asset Management Group LLC bought a new position in shares of HDFC Bank in the fourth quarter valued at $13,316,000. Finally, Royal Bank of Canada lifted its position in shares of HDFC Bank by 43.0% during the 4th quarter. Royal Bank of Canada now owns 7,307,074 shares of the bank's stock valued at $466,629,000 after acquiring an additional 2,196,315 shares during the last quarter. 17.61% of the stock is currently owned by institutional investors.

HDFC Bank Trading Up 0.4%

NYSE HDB traded up $0.30 on Wednesday, hitting $75.16. 1,389,186 shares of the company were exchanged, compared to its average volume of 2,801,265. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.09 and a quick ratio of 0.09. HDFC Bank Limited has a twelve month low of $57.17 and a twelve month high of $75.74. The firm has a market capitalization of $190.33 billion, a P/E ratio of 22.85, a price-to-earnings-growth ratio of 2.12 and a beta of 0.63. The company's 50 day moving average price is $71.01 and its 200-day moving average price is $65.45.

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

Wall Street Analyst Weigh In

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

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.