Gifford Fong Associates Lowers Stake in Deutsche Bank Aktiengesellschaft $DB

Gifford Fong Associates lessened its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 66.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 15,000 shares of the bank’s stock after selling 30,000 shares during the period. Gifford Fong Associates’ holdings in Deutsche Bank Aktiengesellschaft were worth $439,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth $25,000. Zions Bancorporation National Association UT acquired a new position in Deutsche Bank Aktiengesellschaft during the 1st quarter worth about $39,000. MAI Capital Management boosted its holdings in Deutsche Bank Aktiengesellschaft by 385.1% during the 2nd quarter. MAI Capital Management now owns 1,824 shares of the bank’s stock valued at $53,000 after acquiring an additional 1,448 shares during the period. Allworth Financial LP grew its position in Deutsche Bank Aktiengesellschaft by 54.0% in the 2nd quarter. Allworth Financial LP now owns 2,143 shares of the bank’s stock valued at $63,000 after acquiring an additional 751 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Deutsche Bank Aktiengesellschaft by 46.5% during the second quarter. Farther Finance Advisors LLC now owns 2,387 shares of the bank’s stock worth $70,000 after purchasing an additional 758 shares during the period. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently commented on DB shares. Barclays raised shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. Jefferies Financial Group started coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They set a “hold” rating on the stock. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Finally, Morgan Stanley reiterated 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 issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Up 0.3%

Shares of NYSE:DB opened at $35.57 on Friday. Deutsche Bank Aktiengesellschaft has a 52 week low of $16.60 and a 52 week high of $38.78. The company’s 50 day moving average is $35.32 and its two-hundred day moving average is $33.00. The company has a market cap of $70.86 billion, a PE ratio of 13.13, a P/E/G ratio of 1.12 and a beta of 1.02. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.16. The firm had revenue of $9.44 billion during the quarter, compared to the consensus estimate of $7.75 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 6.13%. Equities analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft, a stock corporation, provides corporate and investment banking, and asset management products and services to private individuals, corporate entities, and institutional clients in Germany, the United Kingdom, rest of Europe, the Middle East, Africa, the Americas, and the Asia-Pacific.