Deutsche Bank Aktiengesellschaft $DB Position Lifted by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 40.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,209,846 shares of the bank’s stock after acquiring an additional 630,894 shares during the period. Pictet Asset Management Holding SA’s holdings in Deutsche Bank Aktiengesellschaft were worth $63,943,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of DB. AQR Capital Management LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock valued at $3,005,000 after purchasing an additional 17,262 shares in the last quarter. Focus Partners Wealth acquired a new position in Deutsche Bank Aktiengesellschaft in the first quarter worth about $795,000. Sivia Capital Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the second quarter valued at about $413,000. Rhumbline Advisers increased its holdings in Deutsche Bank Aktiengesellschaft by 4.5% in the second quarter. Rhumbline Advisers now owns 27,750 shares of the bank’s stock valued at $813,000 after buying an additional 1,187 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in Deutsche Bank Aktiengesellschaft by 24.1% during the second quarter. First Trust Advisors LP now owns 528,327 shares of the bank’s stock valued at $15,620,000 after buying an additional 102,754 shares in the last quarter. Institutional investors own 27.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DB shares. Barclays lowered Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Weiss Ratings cut Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 0.9%

Deutsche Bank Aktiengesellschaft stock opened at $33.83 on Tuesday. 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 one year low of $28.12 and a one year high of $40.43. The company has a 50-day simple moving average of $32.63 and a 200-day simple moving average of $34.43. The firm has a market capitalization of $65.62 billion, a P/E ratio of 9.32, a P/E/G ratio of 0.45 and a beta of 0.93.

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, beating 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 firm had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $9.85 billion. As a group, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 3.97 earnings per share 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.