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

Hsbc Holdings PLC lowered its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 34.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock worth $3,087,737,000 after acquiring an additional 1,051,072 shares in the last quarter. Amundi lifted its position in Deutsche Bank Aktiengesellschaft by 8.7% in the 4th quarter. Amundi now owns 53,920,096 shares of the bank’s stock valued at $2,079,159,000 after acquiring an additional 4,323,093 shares in the last quarter. Fisher Asset Management LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 3.7% in the 4th quarter. Fisher Asset Management LLC now owns 27,398,661 shares of the bank’s stock worth $1,056,492,000 after purchasing an additional 966,655 shares during the period. Legal & General Group Plc increased its holdings in Deutsche Bank Aktiengesellschaft by 2.3% during the 4th quarter. Legal & General Group Plc now owns 14,664,607 shares of the bank’s stock worth $570,302,000 after purchasing an additional 332,004 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $532,397,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on DB shares. Citigroup upgraded Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Weiss Ratings lowered Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Finally, Barclays downgraded shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Four research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Up 3.3%

Deutsche Bank Aktiengesellschaft stock opened at $37.04 on Tuesday. The company has a market cap of $71.86 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 0.49 and a beta of 0.94. The firm has a 50-day moving average of $32.89 and a 200-day moving average of $34.34. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. 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 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. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%.The business had revenue of $10.04 billion for the quarter, compared to analyst estimates of $9.85 billion. On average, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 3.95 earnings per share for the current fiscal year.

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.