Rosenberg Matthew Hamilton Decreases Position in Deutsche Bank Aktiengesellschaft $DB

Rosenberg Matthew Hamilton trimmed its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 10.4% during the second quarter, Holdings Channel reports. The firm owned 4,216 shares of the bank’s stock after selling 487 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Deutsche Bank Aktiengesellschaft were worth $123,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Generali Asset Management SPA SGR raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 6.9% in the second quarter. Generali Asset Management SPA SGR now owns 269,061 shares of the bank’s stock worth $7,878,000 after acquiring an additional 17,430 shares during the last quarter. Twin Tree Management LP raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 352.2% in the second quarter. Twin Tree Management LP now owns 356,812 shares of the bank’s stock worth $10,447,000 after acquiring an additional 277,914 shares during the last quarter. Ritholtz Wealth Management increased its stake in Deutsche Bank Aktiengesellschaft by 10.3% in the second quarter. Ritholtz Wealth Management now owns 190,681 shares of the bank’s stock valued at $5,583,000 after purchasing an additional 17,804 shares during the last quarter. Sagespring Wealth Partners LLC acquired a new position in Deutsche Bank Aktiengesellschaft in the second quarter valued at $333,000. Finally, TD Asset Management Inc increased its stake in Deutsche Bank Aktiengesellschaft by 1.0% in the second quarter. TD Asset Management Inc now owns 625,928 shares of the bank’s stock valued at $18,494,000 after purchasing an additional 6,387 shares during the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on DB shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 8th. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, September 2nd. Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Finally, Barclays upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $34.92 on Thursday. Deutsche Bank Aktiengesellschaft has a 1-year low of $16.02 and a 1-year high of $37.86. The business has a 50-day moving average of $35.86 and a 200-day moving average of $30.44. 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 company has a market capitalization of $69.55 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.42 and a beta of 0.98.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%.The company had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $7.80 billion. On average, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

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.