QRG Capital Management Inc. Sells 47,334 Shares of Deutsche Bank Aktiengesellschaft $DB

QRG Capital Management Inc. cut its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 22.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 162,220 shares of the bank’s stock after selling 47,334 shares during the period. QRG Capital Management Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $4,831,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DB. Triumph Capital Management bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $32,000. Geneos Wealth Management Inc. boosted its position in shares of Deutsche Bank Aktiengesellschaft by 178.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after purchasing an additional 881 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the third quarter worth $59,000. GHP Investment Advisors Inc. bought a new position in Deutsche Bank Aktiengesellschaft in the first quarter worth $64,000. Finally, Advocate Investing Services LLC bought a new position in Deutsche Bank Aktiengesellschaft in the fourth quarter worth $93,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on DB shares. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 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. Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Citigroup raised shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Down 0.1%

NYSE DB opened at $35.84 on Monday. Deutsche Bank Aktiengesellschaft has a 12 month low of $28.12 and a 12 month high of $40.43. The stock has a market cap of $69.53 billion, a P/E ratio of 9.87, a P/E/G ratio of 0.49 and a beta of 0.94. The stock’s fifty day moving average price is $32.77 and its 200-day moving average price is $34.34. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.09. The firm had revenue of $10.04 billion during 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%. As a group, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.95 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.