Wellington Management Group LLP Sells 1,698,174 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Wellington Management Group LLP reduced its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 77.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 496,681 shares of the bank's stock after selling 1,698,174 shares during the quarter. Wellington Management Group LLP's holdings in Deutsche Bank Aktiengesellschaft were worth $8,558,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth about $240,000. Lansforsakringar Fondforvaltning AB publ bought a new stake in Deutsche Bank Aktiengesellschaft in the 4th quarter worth approximately $11,054,000. Mackenzie Financial Corp raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 64.1% during the 4th quarter. Mackenzie Financial Corp now owns 609,613 shares of the bank's stock worth $10,394,000 after acquiring an additional 238,122 shares in the last quarter. Public Employees Retirement System of Ohio raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 15.8% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,908,089 shares of the bank's stock worth $32,815,000 after acquiring an additional 259,930 shares in the last quarter. Finally, Vise Technologies Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter valued at approximately $176,000. Institutional investors own 27.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DB. Royal Bank of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, March 24th. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Trading Up 0.4%

DB traded up $0.13 during trading on Friday, reaching $28.16. The company had a trading volume of 1,039,937 shares, compared to its average volume of 2,406,117. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45. The business has a 50 day simple moving average of $25.50 and a 200-day simple moving average of $21.65. The stock has a market cap of $56.09 billion, a P/E ratio of 20.25 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.

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. The firm had revenue of $8.97 billion during the quarter, compared to analyst estimates of $7.95 billion. Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. On average, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal 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.