Deutsche Bank Aktiengesellschaft $DB Shares Sold by Legal & General Group Plc

Legal & General Group Plc lowered its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 1.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,203,631 shares of the bank’s stock after selling 263,119 shares during the period. Legal & General Group Plc owned approximately 0.76% of Deutsche Bank Aktiengesellschaft worth $449,378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GQG Partners LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter worth about $470,716,000. Entrust Global Partners L L C purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter valued at approximately $365,750,000. Acadian Asset Management LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 90.6% during the second quarter. Acadian Asset Management LLC now owns 9,837,047 shares of the bank’s stock worth $290,601,000 after buying an additional 4,674,860 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Deutsche Bank Aktiengesellschaft by 10.0% in the first quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock worth $1,135,808,000 after buying an additional 4,322,086 shares during the last quarter. Finally, Appaloosa LP bought a new position in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at $89,362,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on DB shares. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday. The Goldman Sachs Group downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a report on Tuesday, August 26th. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 28th. Finally, Jefferies Financial Group began coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They issued a “hold” rating for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 1.9%

DB stock opened at $34.19 on Friday. The stock has a market cap of $68.11 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02. The firm’s 50-day simple moving average is $35.47 and its 200 day simple moving average is $32.68. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.02 and a fifty-two week high of $38.78. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, beating 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 company had revenue of $9.44 billion for the quarter, compared to analysts’ expectations of $7.75 billion. As a group, sell-side analysts predict 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.