Envestnet Asset Management Inc. Purchases 448,567 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Envestnet Asset Management Inc. grew its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 172.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 709,211 shares of the bank’s stock after acquiring an additional 448,567 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $16,900,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in Deutsche Bank Aktiengesellschaft during the fourth quarter worth about $773,016,000. Franklin Resources Inc. raised its stake in shares of Deutsche Bank Aktiengesellschaft by 199.8% during the 4th quarter. Franklin Resources Inc. now owns 12,931,689 shares of the bank’s stock worth $222,715,000 after buying an additional 8,617,662 shares during the last quarter. Capital International Investors increased its position in Deutsche Bank Aktiengesellschaft by 9.4% during the 4th quarter. Capital International Investors now owns 87,660,818 shares of the bank’s stock worth $1,510,097,000 after purchasing an additional 7,558,488 shares in the last quarter. Marshall Wace LLP lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 18.7% in the 4th quarter. Marshall Wace LLP now owns 15,034,039 shares of the bank’s stock valued at $258,903,000 after purchasing an additional 2,369,480 shares in the last quarter. Finally, Grantham Mayo Van Otterloo & Co. LLC lifted its position in Deutsche Bank Aktiengesellschaft by 72.3% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,400,467 shares of the bank’s stock worth $93,054,000 after acquiring an additional 2,266,996 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $30.19 on Friday. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. The company has a market cap of $60.13 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 0.39 and a beta of 0.97. The business has a 50 day moving average price of $28.47 and a 200-day moving average price of $24.08. Deutsche Bank Aktiengesellschaft has a 52 week low of $13.70 and a 52 week high of $30.50.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.19. The company had revenue of $8.97 billion for the quarter, compared to analyst estimates of $7.95 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 4.61% and a net margin of 5.76%. Equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on DB. Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, March 24th. Bank of America began coverage on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They set a “buy” rating on the stock. Finally, Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Wednesday, April 30th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft 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.