Deutsche Bank Aktiengesellschaft $DB Stake Lessened by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio decreased its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 14.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,019,542 shares of the bank’s stock after selling 166,452 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Deutsche Bank Aktiengesellschaft were worth $30,236,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of DB. Evergreen Capital Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 1.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 15,436 shares of the bank’s stock worth $452,000 after acquiring an additional 282 shares in the last quarter. Cresset Asset Management LLC grew its stake in Deutsche Bank Aktiengesellschaft by 2.4% during the 3rd quarter. Cresset Asset Management LLC now owns 11,955 shares of the bank’s stock valued at $423,000 after acquiring an additional 285 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Deutsche Bank Aktiengesellschaft by 2.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 14,636 shares of the bank’s stock valued at $568,000 after acquiring an additional 323 shares in the last quarter. Toth Financial Advisory Corp increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 5.3% in the 4th quarter. Toth Financial Advisory Corp now owns 8,000 shares of the bank’s stock valued at $308,000 after purchasing an additional 400 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 1.1% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 48,405 shares of the bank’s stock valued at $1,866,000 after purchasing an additional 548 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DB has been the subject of several research reports. Citigroup restated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday. Keefe, Bruyette & Woods upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Thursday, July 9th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 2nd. Weiss Ratings lowered shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.00.

Deutsche Bank Aktiengesellschaft Trading Up 1.5%

NYSE:DB opened at $34.66 on Friday. The company has a market capitalization of $67.23 billion, a P/E ratio of 9.55, a P/E/G ratio of 0.47 and a beta of 0.94. The stock’s 50 day moving average price is $33.98 and its 200 day moving average price is $34.04. 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 has a 52 week low of $28.12 and a 52 week high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. The firm had revenue of $10.04 billion during the quarter, compared to analysts’ expectations of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. On average, research analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.91 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft 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.