Bank of New York Mellon Corp Sells 18,995 Shares of Deutsche Bank Aktiengesellschaft $DB

Bank of New York Mellon Corp decreased its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,142,981 shares of the bank’s stock after selling 18,995 shares during the quarter. Bank of New York Mellon Corp’s holdings in Deutsche Bank Aktiengesellschaft were worth $121,193,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DB. AQR Capital Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock valued at $3,005,000 after purchasing an additional 17,262 shares during the last quarter. Focus Partners Wealth bought a new position in shares of Deutsche Bank Aktiengesellschaft during the first quarter valued at $795,000. Sivia Capital Partners LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at $413,000. Rhumbline Advisers raised its stake in shares of Deutsche Bank Aktiengesellschaft by 4.5% during the second 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 raised its stake in shares of Deutsche Bank Aktiengesellschaft by 24.1% during the second quarter. First Trust Advisors LP now owns 528,327 shares of the bank’s stock valued at $15,620,000 after acquiring an additional 102,754 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Weiss Ratings cut shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Barclays cut shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. 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, Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Down 2.0%

NYSE:DB opened at $31.54 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. The stock has a market capitalization of $61.19 billion, a price-to-earnings ratio of 8.69, a PEG ratio of 0.42 and a beta of 0.93. The firm has a fifty day simple moving average of $31.71 and a two-hundred day simple moving average of $34.60. Deutsche Bank Aktiengesellschaft has a 12 month low of $27.13 and a 12 month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, beating 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 firm had revenue of $10.04 billion for the quarter, compared to analyst estimates of $9.85 billion. Analysts expect that Deutsche Bank Aktiengesellschaft will post 4.02 EPS for the current fiscal 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.