Deutsche Bank Aktiengesellschaft $DB Stock Holdings Lowered by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management reduced its Deutsche Bank stake by 33.1% in the third quarter, selling 110,610 shares and retaining 223,116 shares valued at approximately $8.1 million.
• Deutsche Bank reported quarterly earnings of $0.66 per share, missing the $0.91 consensus estimate, while revenue of $9.68 billion exceeded expectations. Analysts forecast full-year EPS of $3.85.
• Wall Street maintains a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $43.00, compared with the stock’s reported opening price of $31.65.

Assenagon Asset Management S.A. cut its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 33.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 223,116 shares of the bank's stock after selling 110,610 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Deutsche Bank Aktiengesellschaft were worth $8,075,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 277 shares during the last quarter. Byrne Asset Management LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at approximately $34,000. GHP Investment Advisors Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft during the first quarter valued at approximately $64,000. Caitong International Asset Management Co. Ltd raised its holdings in shares of 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 worth $114,000 after buying an additional 2,935 shares during the period. Finally, Mather Group LLC. raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 23,817.6% in the third quarter. Mather Group LLC. now owns 4,066 shares of the bank's stock worth $146,000 after buying an additional 4,049 shares during the period. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB stock opened at $31.65 on Tuesday. Deutsche Bank Aktiengesellschaft has a twelve month low of $28.12 and a twelve month high of $41.62. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The stock has a fifty day simple moving average of $37.43 and a two-hundred day simple moving average of $34.95. The stock has a market capitalization of $61.40 billion, a price-to-earnings ratio of 8.44, a P/E/G ratio of 0.46 and a beta of 1.00.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.25). The firm had revenue of $9.68 billion for the quarter, compared to analysts' expectations of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. On average, analysts predict that Deutsche Bank Aktiengesellschaft will post 3.85 EPS for the current fiscal year.

Wall Street Analyst Weigh In

DB has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. restated a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, October 5th. DZ Bank reiterated a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, July 29th. Morgan Stanley reissued an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, September 2nd. Citigroup restated a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 20th. Finally, Bank of America set a $43.00 price target on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Ten investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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 financial services to corporate, institutional, private and retail clients in Germany and international markets.

Its principal businesses include Corporate Bank, which offers transaction banking, cash management, trade finance and lending services; Investment Bank, which provides advisory, underwriting, securities trading and capital markets services; and Private Bank, which serves individuals, affluent clients and small and medium-sized businesses through retail and wealth management offerings.

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