Norges Bank bought a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,705,195 shares of the bank’s stock, valued at approximately $532,397,000.
A number of other institutional investors have also added to or reduced their stakes in the business. Mediolanum International Funds Ltd increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 50.8% in the 3rd quarter. Mediolanum International Funds Ltd now owns 273,437 shares of the bank’s stock valued at $9,632,000 after acquiring an additional 92,166 shares during the period. Cibc World Market Inc. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 121.7% in the 3rd quarter. Cibc World Market Inc. now owns 181,591 shares of the bank’s stock valued at $6,381,000 after acquiring an additional 99,701 shares during the period. Compagnie Lombard Odier SCmA increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 10.5% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 629,334 shares of the bank’s stock valued at $24,475,000 after acquiring an additional 59,925 shares during the period. Capital World Investors increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 1.2% in the 3rd quarter. Capital World Investors now owns 4,442,141 shares of the bank’s stock valued at $156,201,000 after acquiring an additional 51,972 shares during the period. Finally, ABN AMRO Bank N.V. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 629.4% in the 3rd quarter. ABN AMRO Bank N.V. now owns 121,824 shares of the bank’s stock valued at $4,269,000 after acquiring an additional 105,122 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have recently issued reports on DB shares. Weiss Ratings downgraded Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, May 16th. Citigroup raised shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Barclays downgraded shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Finally, Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft currently has an average rating of “Hold”.
Deutsche Bank Aktiengesellschaft Stock Up 0.1%
Shares of DB stock opened at $32.33 on Monday. The company has a market cap of $62.71 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth ratio of 0.43 and a beta of 0.93. Deutsche Bank Aktiengesellschaft has a 1-year low of $27.13 and a 1-year high of $40.43. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. The stock’s fifty day moving average price is $31.43 and its 200 day moving average price is $34.78.
Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) last released its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.09. The company had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. On average, research analysts expect that Deutsche Bank Aktiengesellschaft will post 4.02 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.
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