Lansforsakringar Fondforvaltning AB publ Acquires 21,504 Shares of Deutsche Bank Aktiengesellschaft $DB

Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 2.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 760,516 shares of the bank’s stock after purchasing an additional 21,504 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Deutsche Bank Aktiengesellschaft were worth $22,007,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Norges Bank bought a new stake in Deutsche Bank Aktiengesellschaft during the 4th quarter worth about $532,397,000. Amundi grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 22.0% in the 3rd quarter. Amundi now owns 49,597,003 shares of the bank’s stock valued at $1,732,919,000 after acquiring an additional 8,932,484 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 2,731.8% in the fourth quarter. AQR Capital Management LLC now owns 7,969,257 shares of the bank’s stock valued at $309,477,000 after acquiring an additional 7,687,841 shares during the last quarter. Credit Agricole S A bought a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth about $237,336,000. Finally, Viking Global Investors LP acquired a new position in Deutsche Bank Aktiengesellschaft during the third quarter valued at approximately $214,593,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock opened at $33.76 on Wednesday. The company has a market capitalization of $65.49 billion, a P/E ratio of 9.30, a PEG ratio of 0.46 and a beta of 0.93. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.74. The stock has a 50 day moving average price of $32.63 and a two-hundred day moving average price of $34.40. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $28.12 and a fifty-two week high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. The company had revenue of $10.04 billion during the quarter, compared to analysts’ expectations of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. Analysts expect that Deutsche Bank Aktiengesellschaft will post 3.95 earnings per share for the current year.

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.