Capital World Investors Trims Position in Deutsche Bank Aktiengesellschaft $DB

Capital World Investors trimmed its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 99.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,455 shares of the bank’s stock after selling 4,422,686 shares during the period. Capital World Investors’ holdings in Deutsche Bank Aktiengesellschaft were worth $755,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cibc World Market Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 121.7% during the third quarter. Cibc World Market Inc. now owns 181,591 shares of the bank’s stock valued at $6,381,000 after acquiring an additional 99,701 shares in the last quarter. Compagnie Lombard Odier SCmA grew its stake in Deutsche Bank Aktiengesellschaft by 10.5% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 629,334 shares of the bank’s stock valued at $24,475,000 after acquiring an additional 59,925 shares in the last quarter. Vanguard Group Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock valued at $3,087,737,000 after acquiring an additional 1,051,072 shares in the last quarter. Caprock Group LLC purchased a new position in Deutsche Bank Aktiengesellschaft during the third quarter valued at $1,158,000. Finally, ABN AMRO Bank N.V. grew its stake in Deutsche Bank Aktiengesellschaft by 116.8% during the fourth quarter. ABN AMRO Bank N.V. now owns 264,172 shares of the bank’s stock valued at $10,234,000 after acquiring an additional 142,348 shares in the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Weiss Ratings cut shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Citigroup raised shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Barclays cut shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE:DB opened at $31.03 on Thursday. Deutsche Bank Aktiengesellschaft has a 52 week low of $27.13 and a 52 week high of $40.43. The stock has a market capitalization of $60.19 billion, a P/E ratio of 8.55, a PEG ratio of 0.42 and a beta of 0.93. The firm has a fifty day simple moving average of $31.88 and a two-hundred day simple moving average of $34.54. 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 issued its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. The business had revenue of $10.04 billion during the quarter, compared to analysts’ expectations of $9.85 billion. On average, analysts expect that Deutsche Bank Aktiengesellschaft will post 4.02 earnings per share for the current fiscal 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.