Deuterium Capital Management LLC Takes Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Deuterium Capital Management LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 10,379 shares of the bank’s stock, valued at approximately $100,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Lake Street Advisors Group LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 12.0% during the 2nd quarter. Lake Street Advisors Group LLC now owns 11,439 shares of the bank’s stock worth $121,000 after purchasing an additional 1,227 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Deutsche Bank Aktiengesellschaft by 168.4% during the second quarter. Charles Schwab Investment Management Inc. now owns 27,274 shares of the bank’s stock worth $287,000 after acquiring an additional 17,113 shares in the last quarter. BNP Paribas Arbitrage SNC lifted its stake in Deutsche Bank Aktiengesellschaft by 19.5% in the second quarter. BNP Paribas Arbitrage SNC now owns 118,818 shares of the bank’s stock valued at $1,251,000 after acquiring an additional 19,358 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Deutsche Bank Aktiengesellschaft by 7.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,869,060 shares of the bank’s stock valued at $30,106,000 after acquiring an additional 195,471 shares during the period. Finally, Banque Cantonale Vaudoise increased its stake in shares of Deutsche Bank Aktiengesellschaft by 10.8% during the 2nd quarter. Banque Cantonale Vaudoise now owns 86,567 shares of the bank’s stock worth $907,000 after purchasing an additional 8,471 shares during the last quarter. Institutional investors own 21.91% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB traded down $0.10 during trading hours on Tuesday, hitting $12.24. The company had a trading volume of 484,590 shares, compared to its average volume of 3,323,989. The firm has a market cap of $25.30 billion, a price-to-earnings ratio of 5.08, a PEG ratio of 0.70 and a beta of 1.27. 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 business has a fifty day moving average of $10.91 and a 200-day moving average of $10.75. Deutsche Bank Aktiengesellschaft has a 12 month low of $8.85 and a 12 month high of $13.57.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Wednesday, October 25th. The bank reported $0.61 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $7.49 billion. Equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $14.50.

About Deutsche Bank Aktiengesellschaft

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.