Allianz Asset Management GmbH Increases Stake in Deutsche Bank Aktiengesellschaft $DB

Allianz Asset Management GmbH lifted its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 17.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,460,331 shares of the bank’s stock after buying an additional 360,923 shares during the quarter. Allianz Asset Management GmbH’s holdings in Deutsche Bank Aktiengesellschaft were worth $95,673,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of DB. Norges Bank purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth $532,397,000. Amundi raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 22.0% during the 3rd quarter. Amundi now owns 49,597,003 shares of the bank’s stock worth $1,732,919,000 after acquiring an additional 8,932,484 shares during the period. Credit Agricole S A purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth $237,336,000. Viking Global Investors LP purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth $214,593,000. Finally, Banco Santander S.A. raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 4,258.7% during the 3rd quarter. Banco Santander S.A. now owns 3,884,422 shares of the bank’s stock worth $137,547,000 after acquiring an additional 3,795,304 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analyst Ratings Changes

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

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB opened at $31.03 on Thursday. The company has a market cap of $60.19 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.42 and a beta of 0.93. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a 50-day moving average of $31.88 and a two-hundred day moving average of $34.54. Deutsche Bank Aktiengesellschaft has a 1-year low of $27.13 and a 1-year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.09. The company had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. As a group, analysts anticipate that Deutsche Bank Aktiengesellschaft will post 4.02 EPS for the current year.

Deutsche Bank Aktiengesellschaft Profile

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.