Bank of Montreal Can Has $29.82 Million Stake in Deutsche Bank Aktiengesellschaft $DB

Bank of Montreal Can grew its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 7.4% during the second quarter, HoldingsChannel.com reports. The firm owned 1,005,745 shares of the bank’s stock after acquiring an additional 69,305 shares during the quarter. Bank of Montreal Can’s holdings in Deutsche Bank Aktiengesellschaft were worth $29,824,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Intellectus Partners LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 79.5% in the second quarter. Intellectus Partners LLC now owns 81,792 shares of the bank’s stock valued at $2,395,000 after buying an additional 36,227 shares during the period. Plato Investment Management Ltd raised its holdings in Deutsche Bank Aktiengesellschaft by 3.2% in the 2nd quarter. Plato Investment Management Ltd now owns 40,000 shares of the bank’s stock valued at $1,160,000 after acquiring an additional 1,230 shares in the last quarter. Haven Private LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at $459,000. Pinnacle Associates Ltd. grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 23.4% during the 2nd quarter. Pinnacle Associates Ltd. now owns 38,590 shares of the bank’s stock worth $1,130,000 after purchasing an additional 7,310 shares in the last quarter. Finally, Simon Quick Advisors LLC acquired a new position in Deutsche Bank Aktiengesellschaft in the second quarter valued at about $290,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DB has been the topic of a number of analyst reports. Citigroup reiterated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Wall Street Zen upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Saturday, November 1st. Barclays raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Jefferies Financial Group started coverage on Deutsche Bank Aktiengesellschaft in a research note on Monday, October 20th. They set a “hold” rating for the company. Finally, Zacks Research lowered Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $36.18 on Friday. The company’s 50 day moving average price is $35.37 and its two-hundred day moving average price is $31.89. The firm has a market capitalization of $72.07 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.12 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.02 and a fifty-two week high of $37.86. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. Deutsche Bank Aktiengesellschaft had a return on equity of 6.13% and a net margin of 7.99%.The company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $7.75 billion. On average, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Company 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.