Engineers Gate Manager LP Sells 37,309 Shares of Deutsche Bank Aktiengesellschaft $DB

Engineers Gate Manager LP trimmed its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 31.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,652 shares of the bank’s stock after selling 37,309 shares during the quarter. Engineers Gate Manager LP’s holdings in Deutsche Bank Aktiengesellschaft were worth $2,723,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. GAMMA Investing LLC increased its stake in Deutsche Bank Aktiengesellschaft by 51.6% in the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after buying an additional 277 shares during the period. GHP Investment Advisors Inc. purchased a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at about $64,000. Caitong International Asset Management Co. Ltd boosted its position in Deutsche Bank Aktiengesellschaft by 22,576.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,948 shares of the bank’s stock valued at $114,000 after buying an additional 2,935 shares during the period. Allworth Financial LP grew its stake in Deutsche Bank Aktiengesellschaft by 28.3% in the 4th quarter. Allworth Financial LP now owns 4,330 shares of the bank’s stock worth $167,000 after acquiring an additional 954 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth approximately $164,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DB has been the subject of several research analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, September 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 20th. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Bank of America set a $43.00 target price on Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Trading Down 2.8%

NYSE:DB opened at $39.35 on Tuesday. The firm has a 50-day simple moving average of $37.81 and a 200-day simple moving average of $34.19. Deutsche Bank Aktiengesellschaft has a one year low of $28.12 and a one year high of $41.62. The firm has a market cap of $76.34 billion, a P/E ratio of 10.49, a P/E/G ratio of 0.56 and a beta of 0.96. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). The business had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. Equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.93 EPS for the current fiscal year.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870 in Berlin, the bank provides banking and investment services to corporations, institutions, governments, small and medium-sized businesses, and private clients across Europe and other international markets.

The company’s principal businesses include Corporate Bank, Investment Bank, Private Bank and Asset Management. Its services include transaction banking, cash management, trade finance, lending, investment banking, securities sales and trading, foreign exchange, research, wealth management, retail banking and private banking.