Intech Investment Management LLC Decreases Stock Position in Deutsche Bank Aktiengesellschaft $DB

Intech Investment Management LLC reduced its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 22.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 980,976 shares of the bank’s stock after selling 285,989 shares during the quarter. Intech Investment Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $38,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Triumph Capital Management purchased a new stake in Deutsche Bank Aktiengesellschaft in the third quarter worth $32,000. Cary Street Partners Investment Advisory LLC increased its position in Deutsche Bank Aktiengesellschaft by 61.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock worth $38,000 after buying an additional 413 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Deutsche Bank Aktiengesellschaft by 178.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after buying an additional 881 shares during the last quarter. Westside Investment Management Inc. increased its position in Deutsche Bank Aktiengesellschaft by 100.0% in the third quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank’s stock worth $42,000 after buying an additional 593 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the third quarter worth $59,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Deutsche Bank Aktiengesellschaft Price Performance

NYSE:DB opened at $33.08 on Friday. The firm has a market capitalization of $64.17 billion, a price-to-earnings ratio of 9.11, a P/E/G ratio of 0.44 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a 52-week low of $27.13 and a 52-week high of $40.43. The stock has a fifty day moving average of $31.37 and a 200 day moving average of $34.82. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.74.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.09. The company had revenue of $10.04 billion during the quarter, compared to analyst estimates of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. On average, research analysts expect that Deutsche Bank Aktiengesellschaft will post 4.02 EPS for the current fiscal 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.