US Bancorp DE Decreases Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

US Bancorp DE trimmed its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 1.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,114 shares of the bank’s stock after selling 600 shares during the period. US Bancorp DE’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. GQG Partners LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at $470,716,000. Entrust Global Partners L L C purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at $365,750,000. Deutsche Bank AG raised its holdings in Deutsche Bank Aktiengesellschaft by 10.0% during the 1st quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock valued at $1,135,808,000 after buying an additional 4,322,086 shares during the period. Appaloosa LP purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at $89,362,000. Finally, Causeway Capital Management LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at $36,066,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. The Goldman Sachs Group downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 26th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Finally, Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

DB opened at $35.11 on Friday. Deutsche Bank Aktiengesellschaft has a 12-month low of $16.02 and a 12-month high of $37.86. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. The business’s fifty day simple moving average is $35.85 and its 200-day simple moving average is $30.52. The company has a market capitalization of $69.94 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 0.42 and a beta of 0.98.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. On average, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

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.