Bank Julius Baer & Co. Ltd Zurich Raises Stock Position in Deutsche Bank Aktiengesellschaft $DB

Bank Julius Baer & Co. Ltd Zurich boosted its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 14.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,671 shares of the bank’s stock after purchasing an additional 19,745 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Deutsche Bank Aktiengesellschaft were worth $4,923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GQG Partners LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth $470,716,000. Entrust Global Partners L L C bought a new position in Deutsche Bank Aktiengesellschaft in the first quarter valued at about $365,750,000. Acadian Asset Management LLC boosted its position in Deutsche Bank Aktiengesellschaft by 90.6% in the second quarter. Acadian Asset Management LLC now owns 9,837,047 shares of the bank’s stock worth $290,601,000 after purchasing an additional 4,674,860 shares during the last quarter. Deutsche Bank AG increased its position in shares of 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 purchasing an additional 4,322,086 shares during the last quarter. Finally, Appaloosa LP purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter valued at about $89,362,000. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE DB opened at $34.19 on Friday. The stock has a market cap of $68.11 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a 1 year low of $16.02 and a 1 year high of $38.78. The firm has a fifty day moving average price of $35.47 and a 200-day moving average price of $32.68. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 6.13%. The company had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $7.75 billion. Equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

DB has been the topic of a number of research reports. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. The Goldman Sachs Group lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 26th. Finally, Jefferies Financial Group assumed coverage on Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold”.

About Deutsche Bank Aktiengesellschaft

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.