Capital Group Private Client Services Inc. Lowers Position in Deutsche Bank Aktiengesellschaft $DB

Capital Group Private Client Services Inc. trimmed its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 8.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 660,092 shares of the bank’s stock after selling 64,614 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $25,677,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of DB. Triumph Capital Management purchased a new stake in Deutsche Bank Aktiengesellschaft in the third quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC lifted its position in Deutsche Bank Aktiengesellschaft by 61.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after buying an additional 413 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Deutsche Bank Aktiengesellschaft by 178.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after buying an additional 881 shares in the last quarter. Advisory Services Network LLC acquired a new position in Deutsche Bank Aktiengesellschaft during the third quarter valued at approximately $59,000. Finally, Bessemer Group Inc. lifted its position in Deutsche Bank Aktiengesellschaft by 157.9% during the third quarter. Bessemer Group Inc. now owns 1,986 shares of the bank’s stock valued at $70,000 after buying an additional 1,216 shares in the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Trading Down 2.0%

NYSE DB opened at $31.54 on Friday. The company’s fifty day simple moving average is $31.71 and its 200-day simple moving average is $34.60. Deutsche Bank Aktiengesellschaft has a 52 week low of $27.13 and a 52 week high of $40.43. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. The stock has a market cap of $61.19 billion, a P/E ratio of 8.69, a PEG ratio of 0.42 and a beta of 0.93.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results 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 for the quarter, compared to analysts’ expectations of $9.85 billion. Equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 4.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

About Deutsche Bank Aktiengesellschaft

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.