Acadian Asset Management LLC Raises Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Acadian Asset Management LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 90.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,837,047 shares of the bank’s stock after acquiring an additional 4,674,860 shares during the period. Acadian Asset Management LLC owned 0.49% of Deutsche Bank Aktiengesellschaft worth $290,601,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of DB. Contravisory Investment Management Inc. raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.9% in the second quarter. Contravisory Investment Management Inc. now owns 12,223 shares of the bank’s stock valued at $358,000 after buying an additional 346 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Deutsche Bank Aktiengesellschaft by 4.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,033 shares of the bank’s stock valued at $294,000 after acquiring an additional 450 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in Deutsche Bank Aktiengesellschaft by 2.2% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank’s stock valued at $522,000 after acquiring an additional 477 shares during the last quarter. Drive Wealth Management LLC raised its stake in Deutsche Bank Aktiengesellschaft by 3.9% during the 2nd quarter. Drive Wealth Management LLC now owns 13,125 shares of the bank’s stock valued at $384,000 after acquiring an additional 489 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its position in Deutsche Bank Aktiengesellschaft by 1.2% during the 2nd quarter. Venturi Wealth Management LLC now owns 42,469 shares of the bank’s stock worth $1,244,000 after acquiring an additional 509 shares during the period. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Price Performance

DB stock opened at $36.48 on Friday. The firm has a 50 day moving average of $35.39 and a 200-day moving average of $32.03. The company has a market cap of $72.66 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 1.12 and a beta of 1.02. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. Deutsche Bank Aktiengesellschaft has a 12-month low of $16.02 and a 12-month high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a return on equity of 6.13% and a net margin of 7.99%.The firm had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $7.75 billion. As a group, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on DB shares. Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, November 1st. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. Kepler Capital Markets lowered shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 28th. Finally, Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

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.