American Century Companies Inc. Acquires 83,358 Shares of Deutsche Bank Aktiengesellschaft $DB

American Century Companies Inc. grew its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 9.0% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 1,013,493 shares of the bank’s stock after acquiring an additional 83,358 shares during the period. American Century Companies Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $29,675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at $25,000. Zions Bancorporation National Association UT acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at $39,000. MAI Capital Management raised its position in shares of Deutsche Bank Aktiengesellschaft by 385.1% in the second quarter. MAI Capital Management now owns 1,824 shares of the bank’s stock valued at $53,000 after purchasing an additional 1,448 shares during the period. Allworth Financial LP lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 54.0% during the 2nd quarter. Allworth Financial LP now owns 2,143 shares of the bank’s stock worth $63,000 after buying an additional 751 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Deutsche Bank Aktiengesellschaft by 46.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,387 shares of the bank’s stock valued at $70,000 after buying an additional 758 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $35.57 on Monday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. The company has a market cap of $70.86 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02. The company has a 50 day moving average of $35.32 and a 200-day moving average of $33.04. Deutsche Bank Aktiengesellschaft has a 1-year low of $16.60 and a 1-year high of $38.78.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on DB shares. The Goldman Sachs Group downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Jefferies Financial Group began coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average 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.