Deutsche Bank AG Cuts Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Deutsche Bank AG lowered its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 34.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,750,099 shares of the bank’s stock after selling 29,218,944 shares during the quarter. Deutsche Bank Aktiengesellschaft accounts for about 0.7% of Deutsche Bank AG’s portfolio, making the stock its 17th largest position. Deutsche Bank AG’s holdings in Deutsche Bank Aktiengesellschaft were worth $2,188,284,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock worth $3,087,737,000 after acquiring an additional 1,051,072 shares during the period. Amundi increased its position in shares of Deutsche Bank Aktiengesellschaft by 22.0% during the third quarter. Amundi now owns 49,597,003 shares of the bank’s stock worth $1,732,919,000 after acquiring an additional 8,932,484 shares during the period. Fisher Asset Management LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 3.7% during the fourth quarter. Fisher Asset Management LLC now owns 27,398,661 shares of the bank’s stock worth $1,056,492,000 after acquiring an additional 966,655 shares during the period. Legal & General Group Plc increased its position in shares of Deutsche Bank Aktiengesellschaft by 2.3% during the fourth quarter. Legal & General Group Plc now owns 14,664,607 shares of the bank’s stock worth $570,302,000 after acquiring an additional 332,004 shares during the period. Finally, Norges Bank purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth $532,397,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock opened at $31.91 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. The firm has a fifty day moving average price of $31.82 and a 200 day moving average price of $34.55. The company has a market cap of $61.90 billion, a P/E ratio of 8.79, a PEG ratio of 0.42 and a beta of 0.93. Deutsche Bank Aktiengesellschaft has a 12 month low of $27.13 and a 12 month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its 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 firm had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. Sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 4.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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