Public Employees Retirement System of Ohio Sells 264,710 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• The Public Employees Retirement System of Ohio reduced its stake in Deutsche Bank Aktiengesellschaft by 19.3%, selling 264,710 shares during the 2nd quarter, leaving it with a total of 1,109,892 shares valued at approximately $32.3 million.
• Research analysts have mixed ratings on Deutsche Bank, with four buy, four hold, and one sell ratings, resulting in a consensus rating of "Hold" based on recent coverages by major institutions.
• Deutsche Bank reported $0.54 earnings per share (EPS) last quarter, missing analyst expectations, but had revenue of $9.21 billion, surpassing predictions of $7.80 billion.

Public Employees Retirement System of Ohio lessened its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 19.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,109,892 shares of the bank's stock after selling 264,710 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.06% of Deutsche Bank Aktiengesellschaft worth $32,311,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Ballentine Partners LLC boosted its position in Deutsche Bank Aktiengesellschaft by 11.3% during the 2nd quarter. Ballentine Partners LLC now owns 19,313 shares of the bank's stock valued at $565,000 after acquiring an additional 1,957 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its position in Deutsche Bank Aktiengesellschaft by 14.3% during the 2nd quarter. Compagnie Lombard Odier SCmA now owns 611,636 shares of the bank's stock valued at $18,070,000 after acquiring an additional 76,487 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at $25,000. AdvisorNet Financial Inc bought a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at $90,000. Finally, Westend Capital Management LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter worth $10,271,000. Institutional investors own 27.90% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a "buy" rating on the stock. The Goldman Sachs Group downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research note on Tuesday, August 26th. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Finally, Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock opened at $35.96 on Thursday. The firm has a market capitalization of $71.62 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 0.44 and a beta of 1.03. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. The business has a fifty day moving average of $35.01 and a 200 day moving average of $29.30. Deutsche Bank Aktiengesellschaft has a 1 year low of $16.02 and a 1 year high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The firm had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. As a group, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share 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.

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