Capital World Investors Sells 4,422,686 Shares of Deutsche Bank Aktiengesellschaft $DB

Capital World Investors decreased its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 99.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,455 shares of the bank’s stock after selling 4,422,686 shares during the period. Capital World Investors’ holdings in Deutsche Bank Aktiengesellschaft were worth $755,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 111 Capital bought a new position in Deutsche Bank Aktiengesellschaft during the fourth quarter valued at approximately $4,046,000. WINTON GROUP Ltd bought a new position in Deutsche Bank Aktiengesellschaft in the fourth quarter worth approximately $690,000. Prudential PLC raised its position in Deutsche Bank Aktiengesellschaft by 1.7% in the fourth quarter. Prudential PLC now owns 326,336 shares of the bank’s stock worth $12,677,000 after acquiring an additional 5,368 shares during the period. Verus Capital Partners LLC bought a new position in Deutsche Bank Aktiengesellschaft in the fourth quarter worth approximately $214,000. Finally, Cibc World Market Inc. raised its position in Deutsche Bank Aktiengesellschaft by 4.1% in the fourth quarter. Cibc World Market Inc. now owns 188,954 shares of the bank’s stock worth $7,348,000 after acquiring an additional 7,363 shares during the period. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE DB opened at $31.03 on Thursday. The firm has a fifty day moving average price of $31.88 and a 200-day moving average price of $34.54. 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 market cap of $60.19 billion, a PE ratio of 8.55, a price-to-earnings-growth ratio of 0.42 and a beta of 0.93. 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 announced its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The firm had revenue of $10.04 billion during the quarter, compared to analysts’ expectations of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. Equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 4.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DB has been the topic of several recent research reports. Weiss Ratings downgraded 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 downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Finally, Barclays downgraded shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold”.

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.