Natixis Advisors LLC Cuts Position in Deutsche Bank Aktiengesellschaft $DB

Natixis Advisors LLC decreased its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 16.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 359,703 shares of the bank’s stock after selling 71,765 shares during the quarter. Natixis Advisors LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $13,870,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Triumph Capital Management purchased a new position in Deutsche Bank Aktiengesellschaft in the third quarter valued at approximately $32,000. Cary Street Partners Investment Advisory LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 61.8% in the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after buying an additional 413 shares during the period. Geneos Wealth Management Inc. raised its holdings in Deutsche Bank Aktiengesellschaft by 178.0% in the second quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after buying an additional 881 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at approximately $59,000. Finally, Bessemer Group Inc. raised its stake in shares of Deutsche Bank Aktiengesellschaft by 157.9% during the third quarter. Bessemer Group Inc. now owns 1,986 shares of the bank’s stock valued at $70,000 after purchasing an additional 1,216 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Weiss Ratings lowered shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Thursday, April 9th. Barclays lowered shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Finally, Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Down 2.0%

DB stock opened at $31.54 on Friday. Deutsche Bank Aktiengesellschaft has a twelve month low of $27.13 and a twelve month high of $40.43. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $61.19 billion, a P/E ratio of 8.69, a PEG ratio of 0.42 and a beta of 0.93. The firm has a 50 day simple moving average of $31.71 and a 200-day simple moving average of $34.60.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates 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. On average, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 4.02 earnings per share 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.