Hsbc Holdings PLC Sells 390,857 Shares of Deutsche Bank Aktiengesellschaft $DB

Hsbc Holdings PLC trimmed its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 34.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 739,050 shares of the bank’s stock after selling 390,857 shares during the quarter. Hsbc Holdings PLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $28,742,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AQR Capital Management LLC grew its stake in Deutsche Bank Aktiengesellschaft by 15.9% during the first quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock valued at $3,005,000 after acquiring an additional 17,262 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth about $795,000. Sivia Capital Partners LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the second quarter worth about $413,000. Rhumbline Advisers grew its holdings in Deutsche Bank Aktiengesellschaft by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 27,750 shares of the bank’s stock valued at $813,000 after buying an additional 1,187 shares in the last quarter. Finally, First Trust Advisors LP increased 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 acquiring an additional 102,754 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $33.97 on Thursday. The stock has a market cap of $65.90 billion, a price-to-earnings ratio of 9.36, a price-to-earnings-growth ratio of 0.47 and a beta of 0.93. 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 stock has a 50 day moving average price of $32.60 and a 200-day moving average price of $34.48. Deutsche Bank Aktiengesellschaft has a one year low of $28.12 and a one year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly 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. The company had revenue of $10.04 billion for the quarter, compared to analyst estimates of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. Equities analysts expect that Deutsche Bank Aktiengesellschaft will post 3.97 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Barclays downgraded shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note 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. Weiss Ratings downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Company 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.