Public Employees Retirement System of Ohio Takes Position in Deutsche Bank Aktiengesellschaft $DB

Public Employees Retirement System of Ohio bought a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,023,950 shares of the bank’s stock, valued at approximately $34,608,000. Public Employees Retirement System of Ohio owned approximately 0.05% of Deutsche Bank Aktiengesellschaft at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock valued at $3,005,000 after purchasing an additional 17,262 shares during the last quarter. Focus Partners Wealth bought a new stake in Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $795,000. Sivia Capital Partners LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth approximately $413,000. Rhumbline Advisers increased its holdings in shares of 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 acquiring an additional 1,187 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings 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 valued at $15,620,000 after purchasing an additional 102,754 shares during the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Up 0.8%

NYSE DB opened at $40.38 on Friday. The company has a market cap of $78.34 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 0.56 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a 1-year low of $28.12 and a 1-year high of $40.69. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The company has a 50 day moving average of $36.56 and a 200-day moving average of $33.88.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). The company had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%. On average, equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 3.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DB shares. Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Bank of America set a $43.00 price target on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Zacks Research raised Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research report on Thursday. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft 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.