Banco Santander S.A. Buys 184,200 Shares of Deutsche Bank Aktiengesellschaft $DB

Banco Santander S.A. boosted its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 4.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,068,622 shares of the bank’s stock after acquiring an additional 184,200 shares during the quarter. Deutsche Bank Aktiengesellschaft makes up approximately 1.2% of Banco Santander S.A.’s holdings, making the stock its 15th biggest holding. Banco Santander S.A.’s holdings in Deutsche Bank Aktiengesellschaft were worth $156,886,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DB. Vanguard Group Inc. raised its holdings in Deutsche Bank Aktiengesellschaft by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock valued at $3,087,737,000 after buying an additional 1,051,072 shares during the last quarter. Amundi increased its position in Deutsche Bank Aktiengesellschaft by 22.0% during the 3rd quarter. Amundi now owns 49,597,003 shares of the bank’s stock valued at $1,732,919,000 after purchasing an additional 8,932,484 shares during the period. Fisher Asset Management LLC increased its position in Deutsche Bank Aktiengesellschaft by 3.7% during the 4th quarter. Fisher Asset Management LLC now owns 27,398,661 shares of the bank’s stock valued at $1,056,492,000 after purchasing an additional 966,655 shares during the period. Legal & General Group Plc raised its holdings in Deutsche Bank Aktiengesellschaft by 2.3% during the 4th quarter. Legal & General Group Plc now owns 14,664,607 shares of the bank’s stock worth $570,302,000 after purchasing an additional 332,004 shares during the last quarter. Finally, Norges Bank bought a new position in Deutsche Bank Aktiengesellschaft during the 4th quarter worth approximately $532,397,000. Institutional investors own 27.90% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Deutsche Bank Aktiengesellschaft Stock Up 3.4%

DB stock opened at $33.30 on Friday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.74. The company has a market capitalization of $64.59 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.43 and a beta of 0.93. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $27.13 and a fifty-two week high of $40.43. The stock has a fifty day moving average of $31.98 and a 200-day moving average of $34.51.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued 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 business had revenue of $10.04 billion for the quarter, compared to analysts’ expectations 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, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 4.01 earnings per share for the current year.

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.