Bank of New York Mellon Corp Sells 33,253 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Bank of New York Mellon Corp lowered its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,099,262 shares of the bank's stock after selling 33,253 shares during the period. Bank of New York Mellon Corp owned about 0.16% of Deutsche Bank Aktiengesellschaft worth $73,855,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DB. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 21.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock worth $57,000 after purchasing an additional 424 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.9% in the 4th quarter. Sequoia Financial Advisors LLC now owns 14,189 shares of the bank's stock worth $242,000 after purchasing an additional 537 shares during the period. Cetera Investment Advisers raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.9% in the 4th quarter. Cetera Investment Advisers now owns 19,438 shares of the bank's stock worth $331,000 after purchasing an additional 738 shares during the period. Pitcairn Co. raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 5.7% in the 4th quarter. Pitcairn Co. now owns 13,742 shares of the bank's stock worth $234,000 after purchasing an additional 740 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 96.5% during the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock valued at $39,000 after purchasing an additional 800 shares during the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB traded down $0.34 on Friday, reaching $29.65. 2,171,601 shares of the company's stock were exchanged, compared to its average volume of 2,566,801. The stock has a fifty day simple moving average of $28.22 and a 200-day simple moving average of $23.77. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. Deutsche Bank Aktiengesellschaft has a 52 week low of $13.70 and a 52 week high of $30.50. The firm has a market cap of $59.06 billion, a price-to-earnings ratio of 17.65, a P/E/G ratio of 0.38 and a beta of 0.97.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.19. Deutsche Bank Aktiengesellschaft had a net margin of 5.76% and a return on equity of 4.61%. The company had revenue of $8.97 billion during the quarter, compared to analyst estimates of $7.95 billion. As a group, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DB. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. Finally, Bank of America began coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They set a "buy" rating for the company. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.