HDFC Bank Limited (NYSE:HDB) Position Boosted by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC boosted its position in HDFC Bank Limited (NYSE:HDB – Get Rating) by 25.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,104 shares of the bank’s stock after buying an additional 2,273 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in HDFC Bank were worth $649,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HDB. Heritage Wealth Management LLC bought a new stake in shares of HDFC Bank during the 2nd quarter valued at about $33,000. Penserra Capital Management LLC acquired a new position in HDFC Bank in the third quarter valued at approximately $35,000. Trustcore Financial Services LLC bought a new position in shares of HDFC Bank during the third quarter valued at approximately $37,000. Newbridge Financial Services Group Inc. raised its position in shares of HDFC Bank by 130.1% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 711 shares of the bank’s stock worth $42,000 after purchasing an additional 402 shares during the period. Finally, Signaturefd LLC lifted its holdings in shares of HDFC Bank by 1,735.0% in the 3rd quarter. Signaturefd LLC now owns 734 shares of the bank’s stock worth $43,000 after purchasing an additional 694 shares during the last quarter. Institutional investors and hedge funds own 17.50% of the company’s stock.

HDFC Bank Price Performance

Shares of HDB opened at $64.42 on Friday. HDFC Bank Limited has a 12 month low of $50.61 and a 12 month high of $71.76. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.36 and a quick ratio of 0.36. The stock has a fifty day moving average price of $67.73 and a 200 day moving average price of $65.42. The company has a market cap of $119.08 billion, a P/E ratio of 21.55, a PEG ratio of 1.30 and a beta of 0.75.

HDFC Bank (NYSE:HDB – Get Rating) last announced its quarterly earnings results on Saturday, January 14th. The bank reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. HDFC Bank had a net margin of 22.90% and a return on equity of 16.86%. The company had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.69 billion. On average, research analysts forecast that HDFC Bank Limited will post 2.91 earnings per share for the current year.

About HDFC Bank

(Get Rating)

HDFC Bank Ltd. engages in the provision of banking and financial services, including commercial banking and treasury operations. The firm also provides financial services to upper and middle income individuals and corporations in India. It operates through the following segments: Treasury, Retail Banking, Wholesale Banking and Other Banking Operations.