Munich Reinsurance Co Stock Corp in Munich Invests $39.41 Million in Deutsche Bank Aktiengesellschaft $DB

Munich Reinsurance Co Stock Corp in Munich acquired a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,361,924 shares of the bank’s stock, valued at approximately $39,411,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DB. Vanguard Group Inc. raised its stake in Deutsche Bank Aktiengesellschaft by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 80,119,806 shares of the bank’s stock worth $3,087,737,000 after acquiring an additional 1,051,072 shares in the last quarter. Amundi grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 8.7% during the 4th quarter. Amundi now owns 53,920,096 shares of the bank’s stock valued at $2,079,159,000 after purchasing an additional 4,323,093 shares during the last quarter. Fisher Asset Management LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.7% during the 4th quarter. Fisher Asset Management LLC now owns 27,398,661 shares of the bank’s stock valued at $1,056,492,000 after purchasing an additional 966,655 shares during the last quarter. Legal & General Group Plc increased its position in Deutsche Bank Aktiengesellschaft by 2.3% during the 4th quarter. Legal & General Group Plc now owns 14,664,607 shares of the bank’s stock worth $570,302,000 after purchasing an additional 332,004 shares in the last quarter. Finally, Norges Bank bought a new position in Deutsche Bank Aktiengesellschaft in the 4th quarter valued at approximately $532,397,000. Institutional investors own 27.90% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on DB. Oddo Bhf upgraded shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research report 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. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Bank of America set a $43.00 target price on Deutsche Bank Aktiengesellschaft in a report on Tuesday. Finally, Citigroup upgraded Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of “Hold” and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Trading Down 3.7%

Shares of NYSE DB opened at $35.29 on Thursday. The firm has a 50 day moving average price of $33.05 and a two-hundred day moving average price of $34.32. The stock has a market cap of $68.46 billion, a P/E ratio of 9.72, a price-to-earnings-growth ratio of 0.50 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a 52-week low of $28.12 and a 52-week high of $40.43. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.74 and a current ratio of 0.74.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. The company had revenue of $10.04 billion for the quarter, compared to analyst estimates of $9.85 billion. As a group, equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.91 EPS for the current 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.