MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Reduces Stock Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lowered its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 14.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,467,904 shares of the bank’s stock after selling 254,867 shares during the quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Deutsche Bank Aktiengesellschaft were worth $20,048,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Blue Trust Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 221.4% during the fourth quarter. Blue Trust Inc. now owns 3,882 shares of the bank’s stock valued at $53,000 after buying an additional 2,674 shares during the last quarter. Ritholtz Wealth Management increased its position in Deutsche Bank Aktiengesellschaft by 41.6% in the fourth quarter. Ritholtz Wealth Management now owns 119,178 shares of the bank’s stock worth $1,615,000 after purchasing an additional 35,017 shares during the last quarter. Highland Capital Management LLC increased its position in Deutsche Bank Aktiengesellschaft by 6.3% in the fourth quarter. Highland Capital Management LLC now owns 37,400 shares of the bank’s stock worth $507,000 after purchasing an additional 2,200 shares during the last quarter. Aprio Wealth Management LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 29.6% during the fourth quarter. Aprio Wealth Management LLC now owns 13,032 shares of the bank’s stock worth $177,000 after buying an additional 2,973 shares during the period. Finally, Raymond James & Associates boosted its stake in Deutsche Bank Aktiengesellschaft by 21.4% during the fourth quarter. Raymond James & Associates now owns 42,067 shares of the bank’s stock worth $570,000 after buying an additional 7,420 shares during the period. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Down 1.2 %

Shares of DB traded down $0.19 during trading hours on Friday, reaching $15.77. 4,021,155 shares of the company traded hands, compared to its average volume of 3,609,236. The firm has a market cap of $32.59 billion, a price-to-earnings ratio of 7.20, a PEG ratio of 0.90 and a beta of 1.30. Deutsche Bank Aktiengesellschaft has a 12-month low of $9.82 and a 12-month high of $15.97. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 1.56. The stock’s fifty day moving average price is $13.77 and its 200 day moving average price is $12.55.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Friday, February 2nd. The bank reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.35. The firm had revenue of $5.81 billion during the quarter, compared to analyst estimates of $7.46 billion. Deutsche Bank Aktiengesellschaft had a net margin of 6.86% and a return on equity of 5.37%. Sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on DB shares. Morgan Stanley raised shares of Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research note on Wednesday. Citigroup lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Finally, Erste Group Bank raised shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft 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.