Deutsche Bank Aktiengesellschaft $DB Shares Sold by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd reduced its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 45.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,028 shares of the bank’s stock after selling 5,007 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Deutsche Bank Aktiengesellschaft were worth $176,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DB. GQG Partners LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the first quarter worth approximately $470,716,000. Entrust Global Partners L L C purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at approximately $365,750,000. Deutsche Bank AG lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 10.0% during the first quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock worth $1,135,808,000 after purchasing an additional 4,322,086 shares during the period. Appaloosa LP purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at about $89,362,000. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Deutsche Bank Aktiengesellschaft by 14.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 18,047,605 shares of the bank’s stock worth $530,500,000 after buying an additional 2,219,444 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Wall Street Analysts Forecast Growth

DB has been the topic of several research analyst reports. The Goldman Sachs Group cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 26th. Barclays upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 8th. Royal Bank Of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB opened at $33.40 on Friday. The business’s fifty day moving average price is $35.56 and its 200 day moving average price is $30.91. Deutsche Bank Aktiengesellschaft has a 12-month low of $16.02 and a 12-month high of $37.86. The stock has a market capitalization of $66.52 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.04 and a beta of 0.98. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted 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 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 forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

About Deutsche Bank Aktiengesellschaft

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.