Legal & General Group Plc Has $570.30 Million Holdings in Deutsche Bank Aktiengesellschaft $DB

Legal & General Group Plc grew its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,664,607 shares of the bank’s stock after acquiring an additional 332,004 shares during the period. Legal & General Group Plc owned 0.74% of Deutsche Bank Aktiengesellschaft worth $570,302,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Jefferies Financial Group Inc. lifted its position in Deutsche Bank Aktiengesellschaft by 268.7% during the fourth quarter. Jefferies Financial Group Inc. now owns 234,537 shares of the bank’s stock worth $9,117,000 after acquiring an additional 170,933 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Deutsche Bank Aktiengesellschaft by 14.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 8,336 shares of the bank’s stock worth $321,000 after acquiring an additional 1,052 shares during the last quarter. Global Retirement Partners LLC lifted its position in Deutsche Bank Aktiengesellschaft by 76.5% during the fourth quarter. Global Retirement Partners LLC now owns 29,948 shares of the bank’s stock worth $1,155,000 after acquiring an additional 12,981 shares during the last quarter. Leonteq Securities AG acquired a new stake in Deutsche Bank Aktiengesellschaft during the fourth quarter worth approximately $6,490,000. Finally, Banque Cantonale Vaudoise lifted its position in Deutsche Bank Aktiengesellschaft by 8.4% during the fourth quarter. Banque Cantonale Vaudoise now owns 72,996 shares of the bank’s stock worth $2,839,000 after acquiring an additional 5,676 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Citigroup raised shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Barclays cut shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Finally, Weiss Ratings cut shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Down 0.1%

Shares of DB opened at $32.41 on Tuesday. Deutsche Bank Aktiengesellschaft has a one year low of $27.13 and a one year high of $40.43. The company has a market cap of $62.87 billion, a P/E ratio of 8.93, a P/E/G ratio of 0.43 and a beta of 0.94. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. The firm has a 50 day simple moving average of $31.14 and a two-hundred day simple moving average of $34.88.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, beating the consensus estimate of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. The business had revenue of $10.04 billion during the quarter, compared to the consensus estimate of $9.85 billion. Research analysts forecast that Deutsche Bank Aktiengesellschaft will post 4.02 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft Company 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.