Y Intercept Hong Kong Ltd Makes New Investment in Deutsche Bank Aktiengesellschaft $DB

Y Intercept Hong Kong Ltd purchased a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 204,860 shares of the bank’s stock, valued at approximately $7,899,000.

Other institutional investors and 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 3rd quarter worth approximately $32,000. Cary Street Partners Investment Advisory LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 61.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock worth $38,000 after acquiring an additional 413 shares during the period. Geneos Wealth Management Inc. boosted its holdings in Deutsche Bank Aktiengesellschaft by 178.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock worth $40,000 after acquiring an additional 881 shares during the period. Advisory Services Network LLC purchased a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $59,000. Finally, Bessemer Group Inc. boosted its holdings in Deutsche Bank Aktiengesellschaft by 157.9% in the 3rd quarter. Bessemer Group Inc. now owns 1,986 shares of the bank’s stock worth $70,000 after acquiring an additional 1,216 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on DB. Oddo Bhf upgraded Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Weiss Ratings cut Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Citigroup raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Barclays cut 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 report on Saturday, June 6th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

NYSE:DB opened at $33.30 on Friday. The business’s 50-day moving average price is $31.98 and its 200 day moving average price is $34.51. The firm has a market cap of $64.59 billion, a P/E ratio of 9.17, a PEG ratio of 0.43 and a beta of 0.93. Deutsche Bank Aktiengesellschaft has a 52-week low of $27.13 and a 52-week high of $40.43. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.40.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.04 billion for the quarter, compared to analyst estimates of $9.85 billion. As a group, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 4.01 earnings per share for the current fiscal year.

About Deutsche Bank Aktiengesellschaft

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.