Lansforsakringar Fondforvaltning AB publ Increases Stock Position in Deutsche Bank Aktiengesellschaft $DB

Lansforsakringar Fondforvaltning AB publ raised its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 2.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 760,516 shares of the bank’s stock after acquiring an additional 21,504 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Deutsche Bank Aktiengesellschaft were worth $22,007,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Triumph Capital Management purchased a new stake in Deutsche Bank Aktiengesellschaft in the third quarter valued at approximately $32,000. Geneos Wealth Management Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 178.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after buying an additional 881 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at $59,000. GHP Investment Advisors Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $64,000. Finally, Advocate Investing Services LLC acquired a new position in Deutsche Bank Aktiengesellschaft during the 4th quarter worth about $93,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Deutsche Bank Aktiengesellschaft stock opened at $33.76 on Wednesday. The firm has a market capitalization of $65.49 billion, a P/E ratio of 9.30, a PEG ratio of 0.46 and a beta of 0.93. The stock has a fifty day moving average price of $32.63 and a 200 day moving average price of $34.40. Deutsche Bank Aktiengesellschaft has a 52 week low of $28.12 and a 52 week high of $40.43. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The firm had revenue of $10.04 billion for the quarter, compared to analyst estimates of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. Equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.95 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on DB. Barclays downgraded Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Finally, Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Four 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 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.