MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Increases Stock Holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 24.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,240,124 shares of the bank’s stock after purchasing an additional 440,513 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Deutsche Bank Aktiengesellschaft were worth $38,746,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Ritholtz Wealth Management lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 7.3% during the 3rd quarter. Ritholtz Wealth Management now owns 146,628 shares of the bank’s stock worth $2,538,000 after acquiring an additional 10,038 shares during the period. Private Advisory Group LLC increased its position in Deutsche Bank Aktiengesellschaft by 3.7% during the third quarter. Private Advisory Group LLC now owns 204,225 shares of the bank’s stock worth $3,535,000 after purchasing an additional 7,323 shares during the last quarter. Contravisory Investment Management Inc. purchased a new position in Deutsche Bank Aktiengesellschaft during the third quarter worth approximately $197,000. Atomi Financial Group Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 14.9% in the 3rd quarter. Atomi Financial Group Inc. now owns 18,061 shares of the bank’s stock valued at $313,000 after purchasing an additional 2,336 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 40.5% during the 3rd quarter. SG Americas Securities LLC now owns 150,803 shares of the bank’s stock valued at $2,610,000 after buying an additional 43,506 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock opened at $17.77 on Monday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.43. The firm has a market capitalization of $36.17 billion, a P/E ratio of 10.64 and a beta of 1.21. The firm has a fifty day moving average of $16.21 and a 200-day moving average of $16.29. Deutsche Bank Aktiengesellschaft has a 52-week low of $10.00 and a 52-week high of $17.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Wednesday, July 24th. The bank reported ($0.41) EPS for the quarter, missing the consensus estimate of $0.49 by ($0.90). Deutsche Bank Aktiengesellschaft had a net margin of 5.58% and a return on equity of 4.63%. The company had revenue of $7.87 billion during the quarter, compared to analysts’ expectations of $8.18 billion.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DB shares. Barclays raised Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 3rd. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Monday, October 7th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.