Generali Asset Management SPA SGR Acquires 429,956 Shares of Deutsche Bank Aktiengesellschaft $DB

Generali Asset Management SPA SGR bought a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 429,956 shares of the bank’s stock, valued at approximately $15,431,000.

Several other hedge funds also recently bought and sold shares of DB. GAMMA Investing LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 51.6% during the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after purchasing an additional 277 shares in the last quarter. Triumph Capital Management grew its stake in shares of Deutsche Bank Aktiengesellschaft by 4.8% in the 2nd quarter. Triumph Capital Management now owns 8,673 shares of the bank’s stock valued at $293,000 after buying an additional 399 shares in the last quarter. Greenleaf Trust increased its holdings in Deutsche Bank Aktiengesellschaft by 6.2% in the second quarter. Greenleaf Trust now owns 9,999 shares of the bank’s stock worth $338,000 after buying an additional 587 shares during the last quarter. Versant Capital Management Inc raised its position in Deutsche Bank Aktiengesellschaft by 2.8% during the second quarter. Versant Capital Management Inc now owns 22,407 shares of the bank’s stock valued at $756,000 after acquiring an additional 612 shares in the last quarter. Finally, Park Avenue Securities LLC raised its position in Deutsche Bank Aktiengesellschaft by 2.3% during the third quarter. Park Avenue Securities LLC now owns 28,038 shares of the bank’s stock valued at $1,006,000 after acquiring an additional 629 shares in the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DB has been the subject of a number of analyst reports. The Goldman Sachs Group upgraded shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 1st. Royal Bank Of Canada restated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Sunday, October 4th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, September 2nd. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 13th. Finally, DZ Bank reiterated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, July 29th. Ten research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE DB opened at $32.10 on Wednesday. The business’s 50-day simple moving average is $36.58 and its 200-day simple moving average is $34.85. Deutsche Bank Aktiengesellschaft has a 52 week low of $28.12 and a 52 week high of $41.62. The firm has a market cap of $62.28 billion, a price-to-earnings ratio of 8.56 and a beta of 1.00.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results 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 company had revenue of $9.68 billion during the quarter, compared to analysts’ expectations of $9.30 billion. As a group, equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.82 earnings per share for the current year.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870 in Berlin, the bank provides banking and financial services to corporate, institutional, private and retail clients in Germany and international markets.

Its principal businesses include Corporate Bank, which offers transaction banking, cash management, trade finance and lending services; Investment Bank, which provides advisory, underwriting, securities trading and capital markets services; and Private Bank, which serves individuals, affluent clients and small and medium-sized businesses through retail and wealth management offerings.