Plato Investment Management Ltd Purchases New Position in Deutsche Bank Aktiengesellschaft $DB

Plato Investment Management Ltd acquired a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 37,024 shares of the bank’s stock, valued at approximately $1,244,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter worth about $532,397,000. Bank of America Corp DE lifted its holdings in Deutsche Bank Aktiengesellschaft by 83.1% during the 1st quarter. Bank of America Corp DE now owns 21,420,171 shares of the bank’s stock valued at $637,893,000 after purchasing an additional 9,719,181 shares during the last quarter. Amundi boosted its position in Deutsche Bank Aktiengesellschaft by 22.0% in the third quarter. Amundi now owns 49,597,003 shares of the bank’s stock valued at $1,732,919,000 after buying an additional 8,932,484 shares in the last quarter. AQR Capital Management LLC grew its stake in Deutsche Bank Aktiengesellschaft by 2,731.8% during the fourth quarter. AQR Capital Management LLC now owns 7,969,257 shares of the bank’s stock worth $309,477,000 after buying an additional 7,687,841 shares during the last quarter. Finally, Credit Agricole S A acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth approximately $237,336,000. 27.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DB has been the subject of several research analyst reports. Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 29th. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Citigroup reaffirmed a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 20th. Finally, Barclays cut shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has an average rating of “Hold” and a consensus target price of $43.00.

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock opened at $38.13 on Tuesday. The business’s 50-day simple moving average is $35.63 and its 200 day simple moving average is $33.83. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.35. The stock has a market cap of $73.97 billion, a price-to-earnings ratio of 10.17, a P/E/G ratio of 0.54 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a 12-month low of $28.12 and a 12-month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.25). The firm had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%. As a group, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.88 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.