Quantbot Technologies LP Boosts Stock Position in HDFC Bank Limited (NYSE:HDB)

Quantbot Technologies LP increased its position in shares of HDFC Bank Limited (NYSE:HDB - Free Report) by 46.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,747 shares of the bank's stock after acquiring an additional 7,825 shares during the quarter. Quantbot Technologies LP's holdings in HDFC Bank were worth $1,548,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Ridgewood Investments LLC acquired a new stake in HDFC Bank in the second quarter worth about $36,000. Northwest Investment Counselors LLC purchased a new position in shares of HDFC Bank in the 3rd quarter valued at approximately $38,000. JFS Wealth Advisors LLC boosted its stake in HDFC Bank by 70.2% in the 3rd quarter. JFS Wealth Advisors LLC now owns 667 shares of the bank's stock worth $42,000 after purchasing an additional 275 shares in the last quarter. GAMMA Investing LLC grew its position in HDFC Bank by 56.0% during the 2nd quarter. GAMMA Investing LLC now owns 903 shares of the bank's stock worth $58,000 after purchasing an additional 324 shares during the last quarter. Finally, LRI Investments LLC acquired a new position in HDFC Bank during the 1st quarter valued at approximately $56,000. Hedge funds and other institutional investors own 17.61% of the company's stock.

HDFC Bank Price Performance

Shares of HDB stock traded down $0.74 during mid-day trading on Friday, hitting $66.76. 2,688,657 shares of the stock were exchanged, compared to its average volume of 3,008,595. The company has a market cap of $169.06 billion, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.79 and a beta of 0.91. The firm has a fifty day moving average of $63.34 and a 200 day moving average of $61.57. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.34. HDFC Bank Limited has a 52-week low of $52.16 and a 52-week high of $67.76.

HDFC Bank (NYSE:HDB - Get Free Report) last announced its earnings results on Saturday, October 19th. The bank reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.09. HDFC Bank had a net margin of 14.48% and a return on equity of 12.49%. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $4.84 billion. Research analysts anticipate that HDFC Bank Limited will post 3.15 earnings per share for the current year.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of HDFC Bank from a "hold" rating to a "sell" rating in a research note on Wednesday.

HDFC Bank 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.