Deutsche Bank Aktiengesellschaft $DB Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 34.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 56,750,099 shares of the bank’s stock after selling 29,218,944 shares during the period. Deutsche Bank Aktiengesellschaft comprises 0.7% of Deutsche Bank AG’s portfolio, making the stock its 17th largest holding. Deutsche Bank AG’s holdings in Deutsche Bank Aktiengesellschaft were worth $2,188,284,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of DB. Norges Bank acquired a new position in Deutsche Bank Aktiengesellschaft in the fourth quarter valued at $532,397,000. Amundi boosted its stake in Deutsche Bank Aktiengesellschaft by 22.0% in the third quarter. Amundi now owns 49,597,003 shares of the bank’s stock valued at $1,732,919,000 after acquiring an additional 8,932,484 shares in the last quarter. Credit Agricole S A acquired a new position in Deutsche Bank Aktiengesellschaft in the third quarter valued at $237,336,000. Viking Global Investors LP acquired a new position in Deutsche Bank Aktiengesellschaft in the third quarter valued at $214,593,000. Finally, Banco Santander S.A. boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 4,258.7% during the third quarter. Banco Santander S.A. now owns 3,884,422 shares of the bank’s stock worth $137,547,000 after buying an additional 3,795,304 shares during the period. Institutional investors and hedge funds own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DB shares. Weiss Ratings downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday. Barclays downgraded shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Finally, Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Up 1.8%

NYSE DB opened at $31.91 on Wednesday. The stock has a market capitalization of $61.90 billion, a P/E ratio of 8.79, a P/E/G ratio of 0.42 and a beta of 0.93. Deutsche Bank Aktiengesellschaft has a 52-week low of $27.13 and a 52-week high of $40.43. The firm has a 50-day moving average price of $31.82 and a 200 day moving average price of $34.55. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.40.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.09. The firm had revenue of $10.04 billion during the quarter, compared to analysts’ expectations of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. Equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 4.02 EPS for the current year.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.