Arrowstreet Capital Limited Partnership Sells 10,951,400 Shares of Deutsche Bank Aktiengesellschaft $DB

Arrowstreet Capital Limited Partnership lowered its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 86.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,734,136 shares of the bank’s stock after selling 10,951,400 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 0.09% of Deutsche Bank Aktiengesellschaft worth $51,424,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in DB. Opal Wealth Advisors LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at approximately $25,000. Zions Bancorporation National Association UT bought a new position in Deutsche Bank Aktiengesellschaft during the first quarter valued at $39,000. MAI Capital Management increased its position in Deutsche Bank Aktiengesellschaft by 385.1% in the second quarter. MAI Capital Management now owns 1,824 shares of the bank’s stock worth $53,000 after buying an additional 1,448 shares during the last quarter. Allworth Financial LP raised its stake in shares of Deutsche Bank Aktiengesellschaft by 54.0% in the second quarter. Allworth Financial LP now owns 2,143 shares of the bank’s stock valued at $63,000 after buying an additional 751 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 46.5% during the 2nd quarter. Farther Finance Advisors LLC now owns 2,387 shares of the bank’s stock valued at $70,000 after buying an additional 758 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on DB shares. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. Barclays upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research report on Friday, October 10th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, November 24th. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Jefferies Financial Group initiated coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They set a “hold” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB opened at $36.02 on Friday. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.60 and a 52-week high of $38.78. The company has a fifty day moving average of $35.31 and a 200-day moving average of $33.19. The company has a market capitalization of $71.75 billion, a P/E ratio of 13.29, a P/E/G ratio of 0.38 and a beta of 0.95. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.78 and a current ratio of 0.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a return on equity of 5.97% and a net margin of 7.99%.The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $7.75 billion. As a group, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Company 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.