Deutsche Bank Aktiengesellschaft $DB Shares Bought by Andra AP fonden

Andra AP fonden boosted its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 479.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 308,857 shares of the bank’s stock after buying an additional 255,589 shares during the quarter. Andra AP fonden’s holdings in Deutsche Bank Aktiengesellschaft were worth $9,198,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 15.9% during the first quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock worth $3,005,000 after buying an additional 17,262 shares in the last quarter. Focus Partners Wealth acquired a new position in Deutsche Bank Aktiengesellschaft during the first quarter worth about $795,000. Sivia Capital Partners LLC acquired a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at about $413,000. Rhumbline Advisers raised its holdings in Deutsche Bank Aktiengesellschaft by 4.5% in the 2nd quarter. Rhumbline Advisers now owns 27,750 shares of the bank’s stock valued at $813,000 after acquiring an additional 1,187 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Deutsche Bank Aktiengesellschaft by 24.1% in the 2nd quarter. First Trust Advisors LP now owns 528,327 shares of the bank’s stock worth $15,620,000 after purchasing an additional 102,754 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Trading Up 1.9%

DB opened at $35.35 on Wednesday. Deutsche Bank Aktiengesellschaft has a 52 week low of $28.12 and a 52 week high of $40.43. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.40. The business has a fifty day simple moving average of $33.78 and a 200-day simple moving average of $34.09. The firm has a market cap of $68.59 billion, a P/E ratio of 9.74, a P/E/G ratio of 0.48 and a beta of 0.94.

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. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%.The company had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $9.85 billion. On average, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 3.91 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on DB. Barclays lowered Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Bank of America set a $43.00 price objective on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, July 7th. Citigroup reissued a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday. Keefe, Bruyette & Woods upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Oddo Bhf upgraded Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $43.00.

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.