QRG Capital Management Inc. cut its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 26.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 256,249 shares of the bank's stock after selling 92,317 shares during the period. QRG Capital Management Inc.'s holdings in Deutsche Bank Aktiengesellschaft were worth $6,106,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position in Deutsche Bank Aktiengesellschaft by 96.5% in the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock valued at $39,000 after acquiring an additional 800 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in Deutsche Bank Aktiengesellschaft by 21.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock valued at $57,000 after acquiring an additional 424 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Deutsche Bank Aktiengesellschaft by 1,270.5% in the fourth quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank's stock valued at $69,000 after acquiring an additional 3,748 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Deutsche Bank Aktiengesellschaft by 218.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank's stock valued at $125,000 after acquiring an additional 4,992 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Deutsche Bank Aktiengesellschaft by 2,319.7% in the first quarter. GAMMA Investing LLC now owns 6,267 shares of the bank's stock valued at $149,000 after acquiring an additional 6,008 shares during the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.
Deutsche Bank Aktiengesellschaft Stock Performance
Shares of DB stock opened at $27.40 on Wednesday. The stock has a market capitalization of $54.58 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 0.36 and a beta of 0.98. Deutsche Bank Aktiengesellschaft has a 52-week low of $13.70 and a 52-week high of $29.07. The stock's 50-day moving average price is $26.51 and its 200 day moving average price is $22.32. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39.
Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its earnings results on Tuesday, April 29th. The bank reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.19. Deutsche Bank Aktiengesellschaft had a return on equity of 4.61% and a net margin of 5.76%. The company had revenue of $8.97 billion for the quarter, compared to analysts' expectations of $7.95 billion. As a group, equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.
Wall Street Analyst Weigh In
DB has been the subject of a number of research reports. Morgan Stanley reaffirmed an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They issued a "buy" rating on the stock. Finally, Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".
Check Out 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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