AMP Capital Investors Ltd Sells 40,609 Shares of Deutsche Bank AG (DB)

AMP Capital Investors Ltd reduced its stake in Deutsche Bank AG (NYSE:DB) by 5.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 689,404 shares of the bank’s stock after selling 40,609 shares during the period. AMP Capital Investors Ltd’s holdings in Deutsche Bank were worth $7,419,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Continental Advisors LLC lifted its holdings in shares of Deutsche Bank by 29.2% during the second quarter. Continental Advisors LLC now owns 298,800 shares of the bank’s stock valued at $3,173,000 after purchasing an additional 67,500 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Deutsche Bank by 320.6% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 176,217 shares of the bank’s stock valued at $1,897,000 after purchasing an additional 134,325 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Deutsche Bank by 20.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 28,311 shares of the bank’s stock valued at $301,000 after purchasing an additional 4,724 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Deutsche Bank by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 5,649,527 shares of the bank’s stock valued at $59,998,000 after purchasing an additional 96,411 shares in the last quarter. Finally, Oppenheimer & Co. Inc. bought a new position in shares of Deutsche Bank during the second quarter valued at $1,100,000. 20.89% of the stock is currently owned by hedge funds and other institutional investors.

DB stock opened at $11.36 on Friday. Deutsche Bank AG has a fifty-two week low of $10.36 and a fifty-two week high of $20.23. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market capitalization of $23.23 billion, a price-to-earnings ratio of -18.93 and a beta of 1.37.

Deutsche Bank (NYSE:DB) last posted its earnings results on Wednesday, July 25th. The bank reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.17). Deutsche Bank had a negative net margin of 3.33% and a negative return on equity of 1.85%. The firm had revenue of $7.86 billion during the quarter. equities analysts predict that Deutsche Bank AG will post 0.43 earnings per share for the current year.

A number of research analysts have recently issued reports on the company. Zacks Investment Research raised Deutsche Bank from a “sell” rating to a “hold” rating in a report on Friday, August 17th. DZ Bank reaffirmed a “neutral” rating on shares of Deutsche Bank in a report on Friday, June 1st. ValuEngine downgraded Deutsche Bank from a “sell” rating to a “strong sell” rating in a report on Saturday, June 2nd. Bank of America downgraded Deutsche Bank from a “neutral” rating to an “underperform” rating in a report on Monday, August 13th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating on shares of Deutsche Bank in a report on Tuesday, September 4th. Six research analysts have rated the stock with a sell rating and six have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $13.00.

About Deutsche Bank

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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Institutional Ownership by Quarter for Deutsche Bank (NYSE:DB)

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