Pictet Asset Management Holding SA Boosts Stake in Deutsche Bank Aktiengesellschaft $DB

Pictet Asset Management Holding SA raised its position in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 40.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,209,846 shares of the bank’s stock after purchasing an additional 630,894 shares during the quarter. Pictet Asset Management Holding SA owned 0.11% of Deutsche Bank Aktiengesellschaft worth $63,943,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. AQR Capital Management LLC lifted its position in Deutsche Bank Aktiengesellschaft by 15.9% during the first quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock valued at $3,005,000 after buying an additional 17,262 shares in the last quarter. Focus Partners Wealth purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $795,000. Sivia Capital Partners LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at $413,000. Rhumbline Advisers boosted its position in Deutsche Bank Aktiengesellschaft by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 27,750 shares of the bank’s stock worth $813,000 after purchasing an additional 1,187 shares during the period. Finally, First Trust Advisors LP boosted its position in Deutsche Bank Aktiengesellschaft by 24.1% during the 2nd quarter. First Trust Advisors LP now owns 528,327 shares of the bank’s stock worth $15,620,000 after purchasing an additional 102,754 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Deutsche Bank Aktiengesellschaft Stock Up 0.9%

Shares of Deutsche Bank Aktiengesellschaft stock opened at $33.83 on Tuesday. The business has a 50-day moving average of $32.63 and a 200-day moving average of $34.43. 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 company has a market capitalization of $65.62 billion, a PE ratio of 9.32, a P/E/G ratio of 0.45 and a beta of 0.93. Deutsche Bank Aktiengesellschaft has a 1-year low of $28.12 and a 1-year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, topping the consensus estimate of $1.15 by $0.09. The business had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. As a group, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.97 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.