Russell Investments Group Ltd. lowered its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB – Free Report) by 10.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,647,426 shares of the bank’s stock after selling 439,974 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of Deutsche Bank Aktiengesellschaft worth $38,269,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 13.5% in the 1st quarter. American Century Companies Inc. now owns 193,504 shares of the bank’s stock valued at $2,448,000 after purchasing an additional 23,043 shares during the last quarter. Natixis Advisors L.P. boosted its stake in Deutsche Bank Aktiengesellschaft by 22.6% during the 1st quarter. Natixis Advisors L.P. now owns 145,833 shares of the bank’s stock worth $1,845,000 after acquiring an additional 26,913 shares during the last quarter. BlackRock Inc. boosted its stake in Deutsche Bank Aktiengesellschaft by 3.3% during the 1st quarter. BlackRock Inc. now owns 999,640 shares of the bank’s stock worth $12,645,000 after acquiring an additional 31,771 shares during the last quarter. Cibc World Market Inc. boosted its stake in Deutsche Bank Aktiengesellschaft by 14.1% during the 1st quarter. Cibc World Market Inc. now owns 45,861 shares of the bank’s stock worth $580,000 after acquiring an additional 5,678 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Deutsche Bank Aktiengesellschaft by 5.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 6,281,641 shares of the bank’s stock worth $79,463,000 after acquiring an additional 325,478 shares during the last quarter. Institutional investors and hedge funds own 21.91% of the company’s stock.
Analysts Set New Price Targets
Separately, StockNews.com downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Friday, October 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft has an average rating of “Hold” and an average target price of $14.50.
Deutsche Bank Aktiengesellschaft Price Performance
Shares of DB opened at $12.20 on Friday. Deutsche Bank Aktiengesellschaft has a 12-month low of $8.85 and a 12-month high of $13.57. The business’s fifty day moving average is $10.87 and its 200 day moving average is $10.73. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.57. The stock has a market cap of $25.21 billion, a P/E ratio of 5.06, a P/E/G ratio of 0.70 and a beta of 1.27.
Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.08. Deutsche Bank Aktiengesellschaft had a return on equity of 4.37% and a net margin of 7.96%. The business had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.49 billion. Sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.12 earnings per share for the current fiscal year.
Deutsche Bank Aktiengesellschaft Profile
Deutsche Bank Aktiengesellschaft, operates as a stock corporation, engages in the provision of corporate and investment banking, and asset management products and services to private clients, 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.
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