Deutsche Bank Aktiengesellschaft $DB Position Increased by Korea Investment CORP

Korea Investment CORP increased its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 41.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,984,453 shares of the bank’s stock after acquiring an additional 878,258 shares during the quarter. Korea Investment CORP’s holdings in Deutsche Bank Aktiengesellschaft were worth $88,178,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Cetera Investment Advisers raised its stake in Deutsche Bank Aktiengesellschaft by 120.4% during the 1st quarter. Cetera Investment Advisers now owns 42,833 shares of the bank’s stock valued at $1,021,000 after purchasing an additional 23,395 shares during the period. TD Asset Management Inc grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 12.5% during the first quarter. TD Asset Management Inc now owns 619,541 shares of the bank’s stock valued at $14,605,000 after buying an additional 68,992 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 139.4% during the first quarter. LPL Financial LLC now owns 70,463 shares of the bank’s stock valued at $1,679,000 after buying an additional 41,028 shares in the last quarter. Fiera Capital Corp raised its position in Deutsche Bank Aktiengesellschaft by 38.5% during the first quarter. Fiera Capital Corp now owns 244,290 shares of the bank’s stock valued at $5,821,000 after buying an additional 67,960 shares during the period. Finally, Federated Hermes Inc. lifted its stake in Deutsche Bank Aktiengesellschaft by 651.9% in the 1st quarter. Federated Hermes Inc. now owns 4,910 shares of the bank’s stock worth $116,000 after acquiring an additional 4,257 shares in the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DB has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. The Goldman Sachs Group lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 26th. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 22nd. Barclays upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Friday, October 10th. Finally, Jefferies Financial Group assumed coverage on Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They set a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $35.48 on Thursday. The firm has a market capitalization of $70.67 billion, a PE ratio of 13.09, a PEG ratio of 1.12 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a 1 year low of $16.23 and a 1 year high of $38.78. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. The firm’s fifty day simple moving average is $35.34 and its 200 day simple moving average is $32.89.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.16. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $7.75 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.13% and a net margin of 7.99%. On average, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.