Y Intercept Hong Kong Ltd Makes New $7.90 Million Investment in Deutsche Bank Aktiengesellschaft $DB

Y Intercept Hong Kong Ltd acquired a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 204,860 shares of the bank’s stock, valued at approximately $7,899,000.

A number of other institutional investors have also recently bought and sold shares of the business. AQR Capital Management LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 15.9% during the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock worth $3,005,000 after purchasing an additional 17,262 shares in the last quarter. Focus Partners Wealth purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter worth about $795,000. Sivia Capital Partners LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth about $413,000. Rhumbline Advisers raised its stake in shares of Deutsche Bank Aktiengesellschaft by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 27,750 shares of the bank’s stock worth $813,000 after purchasing an additional 1,187 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Deutsche Bank Aktiengesellschaft by 24.1% during the 2nd quarter. First Trust Advisors LP now owns 528,327 shares of the bank’s stock worth $15,620,000 after purchasing an additional 102,754 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Stock Up 3.4%

Shares of DB stock opened at $33.30 on Friday. The stock’s 50 day simple moving average is $31.98 and its 200 day simple moving average is $34.51. 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 twelve month low of $27.13 and a twelve month high of $40.43. The company has a market capitalization of $64.59 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.43 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 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 business had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $9.85 billion. As a group, research analysts predict that Deutsche Bank Aktiengesellschaft will post 4.01 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DB. Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Barclays downgraded Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Finally, Weiss Ratings downgraded Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

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.