Deutsche Bank Aktiengesellschaft $DB Holdings Trimmed by Third Avenue Management LLC

Key Points

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Third Avenue Management LLC lessened its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 33.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,447,570 shares of the bank's stock after selling 738,934 shares during the period. Deutsche Bank Aktiengesellschaft accounts for about 6.8% of Third Avenue Management LLC's investment portfolio, making the stock its 2nd biggest holding. Third Avenue Management LLC owned 0.07% of Deutsche Bank Aktiengesellschaft worth $34,119,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 68.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank's stock valued at $567,000 after buying an additional 9,684 shares during the last quarter. Jefferies Financial Group Inc. bought a new stake in Deutsche Bank Aktiengesellschaft during the first quarter worth approximately $2,308,000. Sequoia Financial Advisors LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock worth $360,000 after purchasing an additional 900 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in Deutsche Bank Aktiengesellschaft by 45.3% during the first quarter. Oppenheimer & Co. Inc. now owns 94,531 shares of the bank's stock worth $2,253,000 after purchasing an additional 29,451 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 26.0% during the first quarter. Janney Montgomery Scott LLC now owns 65,901 shares of the bank's stock worth $1,570,000 after purchasing an additional 13,615 shares in the last quarter. Institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB traded up $0.4810 during trading on Friday, hitting $37.1510. The company had a trading volume of 2,414,811 shares, compared to its average volume of 2,660,686. The company has a market cap of $74.01 billion, a P/E ratio of 14.13, a PEG ratio of 0.45 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a 52 week low of $15.20 and a 52 week high of $37.36. The business's 50-day moving average is $31.84 and its 200 day moving average is $26.90. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.24). The company had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. Equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Cfra Research raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Kepler Capital Markets lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft 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.