DekaBank Deutsche Girozentrale cut its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 3.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,828,161 shares of the bank's stock after selling 512,821 shares during the quarter. Deutsche Bank Aktiengesellschaft accounts for about 0.7% of DekaBank Deutsche Girozentrale's investment portfolio, making the stock its 23rd largest holding. DekaBank Deutsche Girozentrale owned 0.79% of Deutsche Bank Aktiengesellschaft worth $367,871,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital International Investors increased its position in Deutsche Bank Aktiengesellschaft by 9.4% in the 4th quarter. Capital International Investors now owns 87,660,818 shares of the bank's stock worth $1,510,097,000 after buying an additional 7,558,488 shares during the period. Norges Bank bought a new position in Deutsche Bank Aktiengesellschaft in the 4th quarter worth approximately $773,016,000. Marshall Wace LLP increased its position in Deutsche Bank Aktiengesellschaft by 18.7% in 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 period. Franklin Resources Inc. increased its position in Deutsche Bank Aktiengesellschaft by 199.8% in the 4th quarter. Franklin Resources Inc. now owns 12,931,689 shares of the bank's stock worth $222,715,000 after buying an additional 8,617,662 shares during the period. Finally, Capital International Inc. CA increased its position in shares of Deutsche Bank Aktiengesellschaft by 23.4% during the fourth quarter. Capital International Inc. CA now owns 9,269,824 shares of the bank's stock valued at $159,774,000 after purchasing an additional 1,755,675 shares during the period. 27.90% of the stock is owned by hedge funds and other institutional investors.
Deutsche Bank Aktiengesellschaft Price Performance
DB stock traded up $0.84 during trading on Wednesday, hitting $30.24. The company had a trading volume of 1,431,694 shares, compared to its average volume of 2,542,621. The company has a fifty day moving average price of $28.01 and a two-hundred day moving average price of $23.50. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. The company has a market cap of $60.23 billion, a P/E ratio of 18.00, a P/E/G ratio of 0.37 and a beta of 0.97. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.70 and a fifty-two week high of $30.50.
Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The bank reported $1.04 EPS for the quarter, beating the consensus estimate of $0.85 by $0.19. The business 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 4.61% and a net margin of 5.76%. Equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms have recently issued reports on DB. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. Finally, Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating on the stock. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".
Read Our Latest Stock Report on Deutsche Bank Aktiengesellschaft
About Deutsche Bank Aktiengesellschaft
(
Free Report)
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.
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