Public Employees Retirement System of Ohio Takes $34.61 Million Position in Deutsche Bank Aktiengesellschaft $DB

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

Several other institutional investors have also recently bought and sold shares of DB. Pinnacle Holdings LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft in the second quarter worth about $841,000. Plato Investment Management Ltd acquired a new position in Deutsche Bank Aktiengesellschaft during the 2nd quarter worth approximately $1,244,000. Valeo Financial Advisors LLC increased its position in Deutsche Bank Aktiengesellschaft by 43.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 9,756 shares of the bank’s stock worth $329,000 after purchasing an additional 2,943 shares in the last quarter. Gradient Investments LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 7.7% in the 2nd quarter. Gradient Investments LLC now owns 160,989 shares of the bank’s stock valued at $5,435,000 after purchasing an additional 11,530 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Deutsche Bank Aktiengesellschaft by 51.6% in the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock valued at $27,000 after buying an additional 277 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Bank of America set a $43.00 target price on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 30th. Zacks Research upgraded Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research report on Thursday. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Trading Up 0.8%

NYSE DB opened at $40.38 on Friday. The firm has a market capitalization of $78.34 billion, a PE ratio of 10.77, a price-to-earnings-growth ratio of 0.56 and a beta of 0.94. The business’s 50-day moving average price is $36.56 and its two-hundred day moving average price is $33.88. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. Deutsche Bank Aktiengesellschaft has a 12 month low of $28.12 and a 12 month high of $40.69.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 earnings per share (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, analysts expect that Deutsche Bank Aktiengesellschaft will post 3.88 EPS for the current year.

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.