Lazard Asset Management LLC Has $62.35 Million Position in Deutsche Bank Aktiengesellschaft $DB

Lazard Asset Management LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 23.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,148,045 shares of the bank’s stock after purchasing an additional 410,173 shares during the quarter. Lazard Asset Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $62,346,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Themes Management Co LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 34.5% in the first quarter. Themes Management Co LLC now owns 32,703 shares of the bank’s stock valued at $974,000 after buying an additional 8,397 shares in the last quarter. GC Wealth Management RIA LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 24.1% during the first quarter. GC Wealth Management RIA LLC now owns 25,312 shares of the bank’s stock worth $752,000 after acquiring an additional 4,921 shares in the last quarter. Keebeck Wealth Management increased its position in shares of Deutsche Bank Aktiengesellschaft by 34.9% during the first quarter. Keebeck Wealth Management now owns 7,642 shares of the bank’s stock worth $228,000 after acquiring an additional 1,975 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter worth about $42,643,000. Finally, Sei Investments Co. lifted its position in Deutsche Bank Aktiengesellschaft by 26.3% in the 1st quarter. Sei Investments Co. now owns 176,435 shares of the bank’s stock valued at $5,254,000 after acquiring an additional 36,745 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $35.50 on Tuesday. The business’s fifty day simple moving average is $34.06 and its 200 day simple moving average is $33.97. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a 12 month low of $28.12 and a 12 month high of $40.43. The firm has a market capitalization of $68.88 billion, a P/E ratio of 9.78, a price-to-earnings-growth ratio of 0.47 and a beta of 0.94.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data 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. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%.The firm had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $9.85 billion. As a group, analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.91 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Thursday, July 9th. Barclays lowered Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Weiss Ratings cut Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Finally, Bank of America set a $43.00 price target on Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Hold” and an average target price of $43.00.

About Deutsche Bank Aktiengesellschaft

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.