Voya Investment Management LLC Sells 60,710 Shares of Deutsche Bank Aktiengesellschaft $DB

Voya Investment Management LLC cut its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 21.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 225,134 shares of the bank’s stock after selling 60,710 shares during the period. Voya Investment Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $7,923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Deutsche Bank Aktiengesellschaft by 16.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 189,859 shares of the bank’s stock valued at $4,524,000 after buying an additional 26,625 shares during the period. HighTower Advisors LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter worth approximately $1,284,000. Raymond James Financial Inc. boosted its holdings in Deutsche Bank Aktiengesellschaft by 36.9% during the 1st quarter. Raymond James Financial Inc. now owns 518,941 shares of the bank’s stock valued at $12,434,000 after acquiring an additional 139,849 shares during the period. Northern Trust Corp boosted its holdings in Deutsche Bank Aktiengesellschaft by 4.7% during the 1st quarter. Northern Trust Corp now owns 1,504,175 shares of the bank’s stock valued at $35,844,000 after acquiring an additional 66,892 shares during the period. Finally, CW Advisors LLC grew its position in Deutsche Bank Aktiengesellschaft by 76.1% in the 1st quarter. CW Advisors LLC now owns 22,621 shares of the bank’s stock valued at $542,000 after acquiring an additional 9,777 shares during the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DB shares. The Goldman Sachs Group lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday. Barclays upgraded shares of Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Friday, October 10th. Jefferies Financial Group assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE:DB opened at $39.35 on Wednesday. The firm has a 50 day moving average of $35.96 and a 200 day moving average of $34.16. 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 company has a market capitalization of $78.38 billion, a price-to-earnings ratio of 14.52, a price-to-earnings-growth ratio of 0.41 and a beta of 0.95. Deutsche Bank Aktiengesellschaft has a 52 week low of $16.97 and a 52 week high of $39.42.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. The business had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $7.75 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.97% and a net margin of 7.99%. On average, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

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.