Intech Investment Management LLC Sells 285,989 Shares of Deutsche Bank Aktiengesellschaft $DB

Intech Investment Management LLC lowered its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 22.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 980,976 shares of the bank’s stock after selling 285,989 shares during the period. Intech Investment Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $38,146,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DB. Amundi lifted its stake in Deutsche Bank Aktiengesellschaft by 22.0% during the third quarter. Amundi now owns 49,597,003 shares of the bank’s stock worth $1,732,919,000 after purchasing an additional 8,932,484 shares during the last quarter. Credit Agricole S A bought a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth about $237,336,000. Viking Global Investors LP bought a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth about $214,593,000. Banco Santander S.A. lifted its stake in Deutsche Bank Aktiengesellschaft by 4,258.7% during the third quarter. Banco Santander S.A. now owns 3,884,422 shares of the bank’s stock worth $137,547,000 after purchasing an additional 3,795,304 shares during the last quarter. Finally, Caisse de depot et placement du Quebec bought a new stake in Deutsche Bank Aktiengesellschaft during the third quarter worth about $71,149,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Down 0.8%

NYSE DB opened at $33.08 on Friday. Deutsche Bank Aktiengesellschaft has a 1-year low of $27.13 and a 1-year 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 stock has a 50-day moving average of $31.37 and a 200-day moving average of $34.82. The firm has a market cap of $64.17 billion, a PE ratio of 9.11, a price-to-earnings-growth ratio of 0.44 and a beta of 0.94.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%.The company had revenue of $10.04 billion during the quarter, compared to analyst estimates of $9.85 billion. As a group, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 4.02 EPS for the current year.

Analysts Set New Price Targets

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

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.