QRG Capital Management Inc. Decreases Stock Position in Deutsche Bank Aktiengesellschaft $DB

QRG Capital Management Inc. cut its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 22.6% during the 1st quarter, HoldingsChannel.com reports. The fund owned 162,220 shares of the bank’s stock after selling 47,334 shares during the period. QRG Capital Management Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $4,831,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital World Investors grew its position in shares of Deutsche Bank Aktiengesellschaft by 1.2% during the 3rd quarter. Capital World Investors now owns 4,442,141 shares of the bank’s stock valued at $156,201,000 after acquiring an additional 51,972 shares during the period. Compagnie Lombard Odier SCmA raised its holdings in Deutsche Bank Aktiengesellschaft by 10.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 629,334 shares of the bank’s stock worth $24,475,000 after purchasing an additional 59,925 shares during the period. Vanguard Group Inc. lifted its position in Deutsche Bank Aktiengesellschaft by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock valued at $3,087,737,000 after purchasing an additional 1,051,072 shares in the last quarter. ABN AMRO Bank N.V. lifted its position in Deutsche Bank Aktiengesellschaft by 116.8% during the fourth quarter. ABN AMRO Bank N.V. now owns 264,172 shares of the bank’s stock valued at $10,234,000 after purchasing an additional 142,348 shares in the last quarter. Finally, Triasima Portfolio Management inc. bought a new stake in Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $1,601,000. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Trading Down 0.1%

Shares of DB stock opened at $35.84 on Monday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a fifty day simple moving average of $32.77 and a two-hundred day simple moving average of $34.34. The firm has a market capitalization of $69.53 billion, a PE ratio of 9.87, a PEG ratio of 0.49 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a 52-week low of $28.12 and a 52-week high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, beating the consensus estimate of $1.15 by $0.09. The business had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. On average, analysts predict that Deutsche Bank Aktiengesellschaft will post 3.95 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on DB. Weiss Ratings cut Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Barclays lowered shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday. Finally, Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.