Bank of New York Mellon Corp Purchases 113,218 Shares of Deutsche Bank Aktiengesellschaft $DB

Bank of New York Mellon Corp raised its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 3.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,212,480 shares of the bank’s stock after buying an additional 113,218 shares during the period. Bank of New York Mellon Corp’s holdings in Deutsche Bank Aktiengesellschaft were worth $94,061,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DB. GQG Partners LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter valued at approximately $470,716,000. Entrust Global Partners L L C bought a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $365,750,000. Deutsche Bank AG increased its position in shares of Deutsche Bank Aktiengesellschaft by 10.0% during the 1st quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock valued at $1,135,808,000 after purchasing an additional 4,322,086 shares during the last quarter. Appaloosa LP bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter worth $89,362,000. Finally, DekaBank Deutsche Girozentrale boosted its holdings 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 during the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock opened at $36.48 on Friday. The firm has a market capitalization of $72.66 billion, a P/E ratio of 13.46, a PEG ratio of 1.12 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a one year low of $16.02 and a one year high of $37.86. 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 price of $35.39 and a 200-day moving average price of $32.03.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Wednesday, October 29th. The bank reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a return on equity of 6.13% and a net margin of 7.99%.The business had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $7.75 billion. As a group, equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

DB has been the subject of a number of research analyst reports. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, September 2nd. Barclays upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Kepler Capital Markets cut shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Monday, July 28th. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. Finally, Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

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.