Assenagon Asset Management S.A. Increases Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Assenagon Asset Management S.A. increased its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 52.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 336,512 shares of the bank’s stock after buying an additional 115,586 shares during the period. Assenagon Asset Management S.A.’s holdings in Deutsche Bank Aktiengesellschaft were worth $9,738,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Evolve Private Wealth LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 30.3% during the 1st quarter. Evolve Private Wealth LLC now owns 7,721 shares of the bank’s stock valued at $230,000 after acquiring an additional 1,795 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Deutsche Bank Aktiengesellschaft by 22,576.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,948 shares of the bank’s stock valued at $114,000 after purchasing an additional 2,935 shares during the last quarter. Groupama Asset Managment increased its stake in shares of Deutsche Bank Aktiengesellschaft by 4.7% during the 4th quarter. Groupama Asset Managment now owns 147,750 shares of the bank’s stock worth $5,697,000 after purchasing an additional 6,670 shares in the last quarter. SG Trading Solutions LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth approximately $1,379,000. Finally, Compound Planning Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 6.3% during the 4th quarter. Compound Planning Inc. now owns 51,974 shares of the bank’s stock worth $2,004,000 after purchasing an additional 3,064 shares during the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Trading Up 0.1%

DB stock opened at $33.56 on Monday. The business has a fifty day simple moving average of $32.61 and a 200-day simple moving average of $34.45. The company has a market cap of $65.11 billion, a price-to-earnings ratio of 9.25, a PEG ratio of 0.45 and a beta of 0.93. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a 52 week low of $28.12 and a 52 week 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 the consensus estimate of $1.15 by $0.09. The business 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%. On average, equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 3.97 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on DB shares. Citigroup upgraded Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Barclays lowered Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Oddo Bhf upgraded Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Finally, 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. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has an average rating of “Hold”.

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.