299,199 Deutsche Bank Aktiengesellschaft $DB Shares Sold by Andra AP fonden

Key Points

• Andra AP fonden cut its Deutsche Bank stake by 96.9%, selling 299,199 shares and retaining 9,658 shares valued at approximately $326,000. Institutional investors and hedge funds collectively own 27.9% of the company.
• Deutsche Bank shares opened at $35.60, below the $43.00 analyst consensus price target. The stock has traded between $28.12 and $41.62 over the past year.
• The bank reported quarterly earnings of $0.66 per share, missing estimates of $0.91, while revenue of $9.68 billion exceeded expectations. Analysts maintain a “Moderate Buy” consensus rating, with five Buy and five Hold ratings.

Andra AP fonden decreased its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 96.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,658 shares of the bank's stock after selling 299,199 shares during the period. Andra AP fonden's holdings in Deutsche Bank Aktiengesellschaft were worth $326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in Deutsche Bank Aktiengesellschaft by 51.6% in the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank's stock valued at $27,000 after buying an additional 277 shares during the last quarter. GHP Investment Advisors Inc. bought a new position in Deutsche Bank Aktiengesellschaft in the first quarter valued at about $64,000. Caitong International Asset Management Co. Ltd boosted its holdings in Deutsche Bank Aktiengesellschaft by 22,576.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,948 shares of the bank's stock valued at $114,000 after acquiring an additional 2,935 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Deutsche Bank Aktiengesellschaft in the second quarter worth about $164,000. Finally, Verus Capital Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the 4th quarter worth about $214,000. Institutional investors and hedge funds own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Stock Down 0.7%

DB stock opened at $35.60 on Friday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $28.12 and a fifty-two week high of $41.62. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.72 and a quick ratio of 0.72. The business's fifty day moving average price is $38.11 and its two-hundred day moving average price is $34.39. The stock has a market capitalization of $69.07 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 0.52 and a beta of 0.96.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. The company had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.30 billion. On average, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DB has been the subject of a number of recent analyst reports. Citigroup reaffirmed a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 20th. Bank of America set a $43.00 price target on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Zacks Research raised shares of Deutsche Bank Aktiengesellschaft from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 27th. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, June 6th. Finally, Keefe, Bruyette & Woods raised shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Thursday, July 9th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.00.

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.

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