ABN AMRO Bank N.V. Sells 61,661 Shares of Deutsche Bank Aktiengesellschaft $DB

ABN AMRO Bank N.V. reduced its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 23.3% during the 1st quarter, HoldingsChannel reports. The firm owned 202,511 shares of the bank’s stock after selling 61,661 shares during the quarter. ABN AMRO Bank N.V.’s holdings in Deutsche Bank Aktiengesellschaft were worth $5,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DB. Triumph Capital Management bought a new stake in Deutsche Bank Aktiengesellschaft in the third quarter valued at $32,000. Geneos Wealth Management Inc. grew its stake 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 worth $40,000 after buying an additional 881 shares during the last quarter. Advisory Services Network LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth about $59,000. GHP Investment Advisors Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter worth approximately $64,000. Finally, Advocate Investing Services LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter valued at approximately $93,000. Institutional investors own 27.90% of the company’s stock.

Wall Street Analyst Weigh In

DB has been the topic of several recent analyst reports. Barclays downgraded Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings cut Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, Oddo Bhf upgraded Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note 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, Deutsche Bank Aktiengesellschaft has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

Deutsche Bank Aktiengesellschaft stock opened at $33.56 on Friday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a 1 year low of $28.12 and a 1 year high of $40.43. The company has a market cap of $65.11 billion, a PE ratio of 9.25, a PEG ratio of 0.45 and a beta of 0.93. The company’s 50-day moving average is $32.61 and its two-hundred day moving average is $34.46.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, topping the consensus estimate of $1.15 by $0.09. The company 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 3.97 earnings per share 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.