Legal & General Group Plc Has $570.30 Million Stock Position in Deutsche Bank Aktiengesellschaft $DB

Legal & General Group Plc grew its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 2.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,664,607 shares of the bank’s stock after acquiring an additional 332,004 shares during the period. Legal & General Group Plc’s holdings in Deutsche Bank Aktiengesellschaft were worth $570,302,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DB. Amundi grew its stake in shares of Deutsche Bank Aktiengesellschaft by 22.0% during the third quarter. Amundi now owns 49,597,003 shares of the bank’s stock worth $1,732,919,000 after buying an additional 8,932,484 shares during the last quarter. Credit Agricole S A bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $237,336,000. Viking Global Investors LP bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $214,593,000. Banco Santander S.A. grew its stake in shares of Deutsche Bank Aktiengesellschaft by 4,258.7% during the third quarter. Banco Santander S.A. now owns 3,884,422 shares of the bank’s stock worth $137,547,000 after buying an additional 3,795,304 shares during the last quarter. Finally, Caisse de depot et placement du Quebec bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth $71,149,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $32.41 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a twelve month low of $27.13 and a twelve month high of $40.43. The stock has a market cap of $62.87 billion, a price-to-earnings ratio of 8.93, a P/E/G ratio of 0.43 and a beta of 0.94. The company’s fifty day moving average is $31.14 and its 200 day moving average is $34.88.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. The company had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $9.85 billion. Sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 4.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DB. Barclays cut shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Citigroup raised shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings cut shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.