TB Alternative Assets Ltd. Makes New $524,000 Investment in Deutsche Bank Aktiengesellschaft $DB

TB Alternative Assets Ltd. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 14,807 shares of the bank’s stock, valued at approximately $524,000.

Several other hedge funds have also recently made changes to their positions in the company. Amundi lifted its position in Deutsche Bank Aktiengesellschaft by 15.3% during the 2nd quarter. Amundi now owns 40,664,519 shares of the bank’s stock worth $1,182,931,000 after acquiring an additional 5,403,011 shares during the period. Fisher Asset Management LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 35.0% in the second quarter. Fisher Asset Management LLC now owns 25,471,401 shares of the bank’s stock worth $745,803,000 after purchasing an additional 6,605,750 shares during the last quarter. Norges Bank acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth about $719,395,000. DekaBank Deutsche Girozentrale increased its holdings in Deutsche Bank Aktiengesellschaft by 14.0% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 18,047,605 shares of the bank’s stock worth $530,500,000 after buying an additional 2,219,444 shares during the period. Finally, Entrust Global Partners L L C purchased a new position in Deutsche Bank Aktiengesellschaft during the 1st quarter worth approximately $365,750,000. 27.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on DB shares. Jefferies Financial Group initiated coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They issued a “hold” rating on the stock. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Barclays upgraded Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Finally, Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Up 0.3%

DB stock opened at $39.64 on Friday. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.97 and a 52-week high of $39.78. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.40. The firm has a market cap of $78.97 billion, a P/E ratio of 14.63, a PEG ratio of 0.42 and a beta of 0.95. The company’s 50-day simple moving average is $36.27 and its 200-day simple moving average is $34.36.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.16. The firm 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 5.97% and a net margin of 7.99%. As a group, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 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.