Deutsche Bank Aktiengesellschaft $DB Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 34.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,938 shares of the bank’s stock after selling 50,199 shares during the quarter. Federated Hermes Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $3,339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of DB. Amundi raised its position in shares of Deutsche Bank Aktiengesellschaft by 15.3% during the 2nd quarter. Amundi now owns 40,664,519 shares of the bank’s stock worth $1,182,931,000 after purchasing an additional 5,403,011 shares during the last quarter. Fisher Asset Management LLC increased its position in Deutsche Bank Aktiengesellschaft by 35.0% during the second quarter. Fisher Asset Management LLC now owns 25,471,401 shares of the bank’s stock worth $745,803,000 after buying an additional 6,605,750 shares in the last quarter. Norges Bank acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the second quarter worth $719,395,000. DekaBank Deutsche Girozentrale raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 14.0% in the second quarter. DekaBank Deutsche Girozentrale now owns 18,047,605 shares of the bank’s stock worth $530,500,000 after acquiring an additional 2,219,444 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 6.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,209,491 shares of the bank’s stock valued at $390,188,000 after acquiring an additional 794,674 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on DB shares. Barclays raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, January 21st. Jefferies Financial Group began coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, October 20th. They issued a “hold” rating for the company. Finally, Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 0.6%

Shares of NYSE DB opened at $39.84 on Wednesday. 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 firm has a fifty day moving average of $38.27 and a 200-day moving average of $36.30. Deutsche Bank Aktiengesellschaft has a 52-week low of $18.73 and a 52-week high of $40.43.

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

About Deutsche Bank Aktiengesellschaft

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.