Deutsche Bank Aktiengesellschaft $DB Shares Sold by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd decreased its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 45.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,028 shares of the bank’s stock after selling 5,007 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in Deutsche Bank Aktiengesellschaft were worth $176,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of DB. Opal Wealth Advisors LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at approximately $25,000. Zions Bancorporation National Association UT purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at $39,000. Farther Finance Advisors LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 46.5% in the second quarter. Farther Finance Advisors LLC now owns 2,387 shares of the bank’s stock valued at $70,000 after purchasing an additional 758 shares in the last quarter. Founders Capital Management purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at $73,000. Finally, AdvisorNet Financial Inc acquired a new position in Deutsche Bank Aktiengesellschaft during the second quarter valued at $90,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DB shares. Jefferies Financial Group initiated coverage on Deutsche Bank Aktiengesellschaft in a research note on Monday. They set a “hold” rating on the stock. Kepler Capital Markets cut shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Monday, July 28th. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Finally, Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $33.40 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market cap of $66.52 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.04 and a beta of 0.98. The firm has a fifty day moving average price of $35.56 and a two-hundred day moving average price of $30.91. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.02 and a fifty-two week high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $7.80 billion. Analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.