Cresset Asset Management LLC Reduces Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Cresset Asset Management LLC decreased its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 81.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,771 shares of the bank's stock after selling 59,179 shares during the period. Cresset Asset Management LLC's holdings in Deutsche Bank Aktiengesellschaft were worth $235,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DB. Capital International Investors lifted its position in Deutsche Bank Aktiengesellschaft by 9.4% during the 4th quarter. Capital International Investors now owns 87,660,818 shares of the bank's stock worth $1,510,097,000 after acquiring an additional 7,558,488 shares during the period. Norges Bank purchased a new position in Deutsche Bank Aktiengesellschaft in the 4th quarter valued at $773,016,000. Amundi increased its stake in Deutsche Bank Aktiengesellschaft by 23.6% in the 4th quarter. Amundi now owns 39,176,325 shares of the bank's stock valued at $678,926,000 after buying an additional 7,484,594 shares during the period. Marshall Wace LLP raised its position in Deutsche Bank Aktiengesellschaft by 18.7% during the 4th quarter. Marshall Wace LLP now owns 15,034,039 shares of the bank's stock worth $258,903,000 after buying an additional 2,369,480 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 199.8% in the fourth quarter. Franklin Resources Inc. now owns 12,931,689 shares of the bank's stock valued at $222,715,000 after acquiring an additional 8,617,662 shares in the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on DB. Barclays reissued an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. StockNews.com raised Deutsche Bank Aktiengesellschaft from a "hold" rating to a "buy" rating in a report on Wednesday, February 5th. Citigroup reaffirmed a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, February 3rd. Royal Bank of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Finally, Cfra Research raised shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB traded up $0.02 on Wednesday, reaching $28.49. The stock had a trading volume of 3,597,360 shares, compared to its average volume of 2,354,517. The firm has a 50-day moving average of $24.69 and a 200 day moving average of $20.79. The firm has a market capitalization of $56.75 billion, a PE ratio of 20.50 and a beta of 1.00. Deutsche Bank Aktiengesellschaft has a twelve month low of $13.70 and a twelve month high of $29.07. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its earnings results on Tuesday, April 29th. The bank reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.19. The company had revenue of $8.97 billion for the quarter, compared to analyst estimates of $7.95 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. Sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Company 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.