Arrowstreet Capital Limited Partnership Cuts Stake in Deutsche Bank Aktiengesellschaft $DB

Arrowstreet Capital Limited Partnership lowered its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 86.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,734,136 shares of the bank’s stock after selling 10,951,400 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Deutsche Bank Aktiengesellschaft were worth $51,424,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in DB. Westerkirk Capital Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at about $1,682,000. M&T Bank Corp boosted its holdings in Deutsche Bank Aktiengesellschaft by 24.2% during the 2nd quarter. M&T Bank Corp now owns 20,422 shares of the bank’s stock valued at $598,000 after acquiring an additional 3,984 shares during the period. Fisher Asset Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 35.0% during the 2nd quarter. Fisher Asset Management LLC now owns 25,471,401 shares of the bank’s stock worth $745,803,000 after acquiring an additional 6,605,750 shares during the last quarter. West Family Investments Inc. purchased a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth approximately $377,000. Finally, Norges Bank bought a new stake in Deutsche Bank Aktiengesellschaft in the second quarter valued at approximately $719,395,000. 27.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. The Goldman Sachs Group lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 26th. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Jefferies Financial Group assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They issued a “hold” rating on the stock. Barclays raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 0.1%

DB stock opened at $36.02 on Friday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.60 and a fifty-two week high of $38.78. The company has a market capitalization of $71.75 billion, a price-to-earnings ratio of 13.29, a price-to-earnings-growth ratio of 0.38 and a beta of 0.95. The business’s 50 day moving average price is $35.31 and its two-hundred day moving average price is $33.19. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.78 and a current ratio of 0.78.

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 the consensus estimate of $0.81 by $0.16. The company had revenue of $9.44 billion for the quarter, compared to analyst estimates of $7.75 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.97% and a net margin of 7.99%. As a group, analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

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.