Fisher Asset Management LLC Grows Position in Deutsche Bank Aktiengesellschaft $DB

Fisher Asset Management LLC raised its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 27,398,661 shares of the bank’s stock after acquiring an additional 966,655 shares during the quarter. Fisher Asset Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,056,492,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock valued at $3,087,737,000 after acquiring an additional 1,051,072 shares in the last quarter. Amundi raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 22.0% in the 3rd quarter. Amundi now owns 49,597,003 shares of the bank’s stock valued at $1,732,919,000 after acquiring an additional 8,932,484 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.3% during the 4th quarter. Legal & General Group Plc now owns 14,664,607 shares of the bank’s stock valued at $570,302,000 after buying an additional 332,004 shares in the last quarter. Credit Agricole S A purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at about $237,336,000. Finally, Viking Global Investors LP purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at about $214,593,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $32.41 on Monday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. The business’s 50 day simple moving average is $31.08 and its two-hundred day simple moving average is $34.91. The stock has a market capitalization of $62.87 billion, a P/E ratio of 8.93, a price-to-earnings-growth ratio of 0.43 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a one year low of $27.13 and a one year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The business had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. Analysts forecast that Deutsche Bank Aktiengesellschaft will post 4.02 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on DB shares. Weiss Ratings cut Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Barclays cut Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Wall Street Zen raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Company Profile

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.