Assenagon Asset Management S.A. Increases Stock Holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Assenagon Asset Management S.A. lifted its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DBGet Rating) by 195.1% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 59,164 shares of the bank’s stock after buying an additional 39,112 shares during the period. Assenagon Asset Management S.A.’s holdings in Deutsche Bank Aktiengesellschaft were worth $443,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of DB. Deutsche Bank AG boosted its position in shares of Deutsche Bank Aktiengesellschaft by 40.2% during the second quarter. Deutsche Bank AG now owns 82,407,988 shares of the bank’s stock valued at $720,246,000 after buying an additional 23,647,091 shares during the last quarter. Amundi lifted its holdings in Deutsche Bank Aktiengesellschaft by 12.8% during the second quarter. Amundi now owns 46,173,041 shares of the bank’s stock worth $354,149,000 after acquiring an additional 5,232,371 shares during the period. Credit Suisse AG lifted its holdings in Deutsche Bank Aktiengesellschaft by 26.9% during the second quarter. Credit Suisse AG now owns 11,245,733 shares of the bank’s stock worth $98,289,000 after acquiring an additional 2,384,203 shares during the period. Vanguard Group Inc. lifted its holdings in Deutsche Bank Aktiengesellschaft by 3.1% during the first quarter. Vanguard Group Inc. now owns 71,052,394 shares of the bank’s stock worth $898,813,000 after acquiring an additional 2,166,479 shares during the period. Finally, Segantii Capital Management Ltd bought a new stake in Deutsche Bank Aktiengesellschaft during the second quarter worth $10,843,000. Hedge funds and other institutional investors own 24.67% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on DB. Morgan Stanley dropped their price target on Deutsche Bank Aktiengesellschaft from €15.00 ($16.30) to €14.00 ($15.22) and set an “equal weight” rating on the stock in a report on Thursday, October 13th. JPMorgan Chase & Co. lifted their price target on Deutsche Bank Aktiengesellschaft from €13.00 ($14.13) to €15.00 ($16.30) and gave the stock an “overweight” rating in a report on Tuesday, December 6th. Royal Bank of Canada upgraded Deutsche Bank Aktiengesellschaft from a “sector perform” rating to an “outperform” rating and set a $14.00 price target on the stock in a report on Friday, November 25th. Barclays boosted their target price on Deutsche Bank Aktiengesellschaft from €11.00 ($11.96) to €11.50 ($12.50) in a research note on Monday, November 14th. Finally, StockNews.com started coverage on Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $13.81.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $12.73 on Tuesday. The stock has a market cap of $26.31 billion, a PE ratio of 7.58, a price-to-earnings-growth ratio of 0.74 and a beta of 1.33. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $7.24 and a fifty-two week high of $16.70. The company has a debt-to-equity ratio of 2.06, a quick ratio of 0.79 and a current ratio of 0.72. The stock has a fifty day moving average of $11.07 and a 200-day moving average of $9.44.

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Rating) last announced its quarterly earnings results on Wednesday, October 26th. The bank reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.17. The company had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.16 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.17% and a net margin of 9.06%. Equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 1.86 earnings per share for the current year.

Deutsche Bank Aktiengesellschaft Profile

(Get Rating)

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, foreign exchange, and securities services, as well as risk management solutions.

Further Reading

Want to see what other hedge funds are holding DB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deutsche Bank Aktiengesellschaft (NYSE:DBGet Rating).

Institutional Ownership by Quarter for Deutsche Bank Aktiengesellschaft (NYSE:DB)

Receive News & Ratings for Deutsche Bank Aktiengesellschaft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank Aktiengesellschaft and related companies with MarketBeat.com's FREE daily email newsletter.