Deutsche Bank Aktiengesellschaft $DB Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 5.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,965,884 shares of the bank’s stock after selling 177,097 shares during the quarter. Bank of New York Mellon Corp’s holdings in Deutsche Bank Aktiengesellschaft were worth $88,324,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Compagnie Lombard Odier SCmA raised its position in Deutsche Bank Aktiengesellschaft by 10.5% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 629,334 shares of the bank’s stock worth $24,475,000 after buying an additional 59,925 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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 acquiring an additional 1,051,072 shares during the last quarter. QRG Capital Management Inc. increased its stake in shares of Deutsche Bank Aktiengesellschaft by 27.3% in the fourth quarter. QRG Capital Management Inc. now owns 209,554 shares of the bank’s stock worth $8,080,000 after acquiring an additional 44,937 shares during the period. Triasima Portfolio Management inc. purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth $1,601,000. Finally, ABN AMRO Bank N.V. raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 116.8% during the fourth quarter. ABN AMRO Bank N.V. now owns 264,172 shares of the bank’s stock worth $10,234,000 after purchasing an additional 142,348 shares during the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock opened at $35.35 on Wednesday. The stock has a market capitalization 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. The company’s fifty day moving average price is $33.78 and its 200 day moving average price is $34.09. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.74. Deutsche Bank Aktiengesellschaft has a 1 year low of $28.12 and a 1 year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. The company had revenue of $10.04 billion during the quarter, compared to analysts’ expectations of $9.85 billion. As a group, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.91 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on DB shares. Bank of America set a $43.00 price target on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Weiss Ratings cut Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Keefe, Bruyette & Woods upgraded Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Thursday, July 9th. Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 2nd. Four investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target 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.