Allianz Asset Management GmbH Cuts Stake in Deutsche Bank Aktiengesellschaft $DB

Allianz Asset Management GmbH cut its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 20.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,099,408 shares of the bank’s stock after selling 532,183 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.11% of Deutsche Bank Aktiengesellschaft worth $74,062,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DB. Root Financial Partners LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at approximately $27,000. Salomon & Ludwin LLC boosted its position in Deutsche Bank Aktiengesellschaft by 2,807.4% during the 3rd quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after acquiring an additional 758 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 178.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after acquiring an additional 881 shares during the period. MAI Capital Management raised its position in shares of Deutsche Bank Aktiengesellschaft by 385.1% in the 2nd quarter. MAI Capital Management now owns 1,824 shares of the bank’s stock worth $53,000 after acquiring an additional 1,448 shares in the last quarter. Finally, Allworth Financial LP lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 54.0% during the 2nd quarter. Allworth Financial LP now owns 2,143 shares of the bank’s stock worth $63,000 after purchasing an additional 751 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wall Street Zen upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Jefferies Financial Group started coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, October 20th. They issued a “hold” rating on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, January 21st. Barclays raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Friday, October 10th. Finally, Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB stock opened at $39.84 on Wednesday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $18.73 and a fifty-two week high of $40.43. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.76 and a quick ratio of 0.78. The stock’s 50-day simple moving average is $38.27 and its 200-day simple moving average is $36.30.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings results on Thursday, January 29th. The bank reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.16. The company had revenue of $8.99 billion during the quarter, compared to analyst estimates of $7.71 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.02% and a return on equity of 7.49%. On average, analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.