Squarepoint Ops LLC Sells 873,163 Shares of HDFC Bank Limited $HDB

Key Points

• Squarepoint Ops LLC reduced its HDFC Bank stake by 96% in the second quarter, selling 873,163 shares and retaining 36,413 shares valued at approximately $941,000.
• HDFC Bank shares opened at $22.66, well below their 52-week high of $37.45 and below both the 50-day and 200-day moving averages. The stock is also facing investor litigation allegations related to approximately $4.7 million in deposit-inducement payments, though the claims have not been proven.
• The bank exceeded quarterly earnings expectations, reporting $0.40 in EPS versus the $0.38 consensus estimate, but analysts maintain a consensus “Hold” rating, with one Buy, three Holds and one Sell.

Squarepoint Ops LLC cut its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 96.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,413 shares of the bank's stock after selling 873,163 shares during the quarter. Squarepoint Ops LLC's holdings in HDFC Bank were worth $941,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Axiom Investment Management LLC acquired a new stake in shares of HDFC Bank during the 1st quarter worth approximately $32,000. Bell Investment Advisors Inc lifted its position in HDFC Bank by 260.9% in the first quarter. Bell Investment Advisors Inc now owns 1,386 shares of the bank's stock worth $34,000 after purchasing an additional 1,002 shares during the period. Bruce G. Allen Investments LLC lifted its position in HDFC Bank by 54.3% in the fourth quarter. Bruce G. Allen Investments LLC now owns 2,083 shares of the bank's stock worth $76,000 after purchasing an additional 733 shares during the period. Cullen Frost Bankers Inc. boosted its stake in HDFC Bank by 19.7% during the fourth quarter. Cullen Frost Bankers Inc. now owns 2,330 shares of the bank's stock worth $85,000 after buying an additional 384 shares in the last quarter. Finally, Eurizon Asset Management Slovakia sprav. spol. a.s. acquired a new stake in HDFC Bank during the fourth quarter worth $132,000. Institutional investors and hedge funds own 17.61% of the company's stock.

Trending Headlines about HDFC Bank

Here are the key news stories impacting HDFC Bank this week:

• Neutral Sentiment: Several firms reminded investors that the deadline to seek lead-plaintiff status is October 13, 2026. The lawsuit covers investors who purchased HDFC Bank securities, including ADSs, between July 17, 2023, and May 26, 2026, and is pending in the U.S. District Court for the Southern District of New York. These notices are largely procedural and repeat previously reported information. ClaimsFiler HDFC Bank shareholder alert
• Negative Sentiment: The complaint allegedly accuses HDFC Bank of misrepresenting its internal controls and the treatment of approximately Rs. 45 crore, or $4.7 million, in deposit-inducement payments. The allegations reportedly involve recording the payments as road-safety sponsorship or marketing expenses rather than interest-related costs. The claims have not been proven, but they could create litigation expenses, regulatory scrutiny, and reputational damage. Levi and Korsinsky HDFC Bank investor alert
• Negative Sentiment: One notice links the alleged disclosures to an approximately 4% share-price decline, while the repeated September 16–17 announcements keep the lawsuit visible to investors. HDB has also been trading well below its 52-week high and below its 50-day and 200-day moving averages, indicating a weak recent trend. Kahn Swick and Foti HDFC Bank securities fraud notice

HDFC Bank Price Performance

Shares of HDB opened at $22.66 on Friday. The company has a market capitalization of $116.30 billion, a P/E ratio of 13.33, a PEG ratio of 1.25 and a beta of 0.63. HDFC Bank Limited has a one year low of $21.76 and a one year high of $37.45. The business's 50 day simple moving average is $23.61 and its 200-day simple moving average is $25.00.

HDFC Bank (NYSE:HDB - Get Free Report) last released its quarterly earnings results on Saturday, July 18th. The bank reported $0.40 earnings per share for the quarter, beating analysts' consensus estimates of $0.38 by $0.02. HDFC Bank had a return on equity of 11.84% and a net margin of 15.96%.The firm had revenue of $9.01 billion during the quarter, compared to analysts' expectations of $5 billion. On average, sell-side analysts anticipate that HDFC Bank Limited will post 1.36 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HDB shares. The Goldman Sachs Group assumed coverage on shares of HDFC Bank in a research note on Friday, August 21st. They issued a "buy" rating for the company. Weiss Ratings upgraded shares of HDFC Bank from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, July 20th. Wall Street Zen cut shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Saturday, July 18th. Zacks Research raised shares of HDFC Bank from a "strong sell" rating to a "hold" rating in a research report on Friday, July 17th. Finally, HSBC lowered shares of HDFC Bank from a "buy" rating to a "hold" rating in a research report on Monday, August 31st. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, HDFC Bank currently has a consensus rating of "Hold".

HDFC Bank Profile

HDFC Bank Limited is an India-based banking and financial services company headquartered in Mumbai. Established in 1994 and commencing operations in 1995, the bank serves individual consumers, small and midsize businesses, corporations, institutions and government-related organizations.

The bank provides a broad range of services, including savings and current accounts, fixed deposits, personal and home loans, vehicle and business financing, credit and debit cards, payments, remittances, wealth management and insurance distribution.

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