Credit Industriel ET Commercial Reduces Position in Deutsche Bank Aktiengesellschaft $DB

Credit Industriel ET Commercial cut its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 99.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,535 shares of the bank’s stock after selling 351,705 shares during the quarter. Credit Industriel ET Commercial’s holdings in Deutsche Bank Aktiengesellschaft were worth $60,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the third quarter valued at about $27,000. Salomon & Ludwin LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 2,807.4% during the third quarter. Salomon & Ludwin LLC now owns 785 shares of the bank’s stock valued at $28,000 after buying an additional 758 shares during the period. Triumph Capital Management bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the third quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 61.8% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after buying an additional 413 shares during the period. Finally, Westside Investment Management Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 100.0% during the third quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank’s stock valued at $42,000 after buying an additional 593 shares during the period. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Up 1.4%

DB stock opened at $30.65 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. The company’s 50 day moving average is $31.58 and its 200 day moving average is $35.15. The stock has a market cap of $59.47 billion, a price-to-earnings ratio of 8.44, a price-to-earnings-growth ratio of 0.39 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a 1-year low of $26.58 and a 1-year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.09. The company had revenue of $10.04 billion for the quarter, compared to analysts’ expectations of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. Sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 4.05 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Barclays cut Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. Citigroup upgraded Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, April 20th. Four analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

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.