Pictet Asset Management Ltd. reduced its holdings in shares of Deutsche Bank AG (NYSE:DB) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 840,290 shares of the bank’s stock after selling 2,358 shares during the period. Pictet Asset Management Ltd.’s holdings in Deutsche Bank were worth $6,488,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Glen Harbor Capital Management LLC grew its position in Deutsche Bank by 19.4% during the second quarter. Glen Harbor Capital Management LLC now owns 10,752 shares of the bank’s stock valued at $83,000 after acquiring an additional 1,744 shares during the last quarter. Tyers Asset Management LLC grew its position in Deutsche Bank by 19.4% during the second quarter. Tyers Asset Management LLC now owns 14,784 shares of the bank’s stock valued at $114,000 after acquiring an additional 2,398 shares during the last quarter. Flinton Capital Management LLC grew its position in Deutsche Bank by 19.4% during the second quarter. Flinton Capital Management LLC now owns 18,816 shares of the bank’s stock valued at $145,000 after acquiring an additional 3,052 shares during the last quarter. Neuburgh Advisers LLC grew its position in Deutsche Bank by 19.4% during the second quarter. Neuburgh Advisers LLC now owns 22,848 shares of the bank’s stock valued at $176,000 after acquiring an additional 3,706 shares during the last quarter. Finally, Riverhead Capital Management LLC grew its position in Deutsche Bank by 19.1% during the second quarter. Riverhead Capital Management LLC now owns 16,800 shares of the bank’s stock valued at $130,000 after acquiring an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 21.93% of the company’s stock.

DB stock traded down $0.22 on Monday, reaching $8.23. The company’s stock had a trading volume of 277,554 shares, compared to its average volume of 6,233,727. The business has a fifty day simple moving average of $7.46 and a two-hundred day simple moving average of $7.84. Deutsche Bank AG has a 12-month low of $6.44 and a 12-month high of $12.52. The firm has a market cap of $17.12 billion, a PE ratio of -824.00 and a beta of 1.53. The company has a debt-to-equity ratio of 2.32, a quick ratio of 0.72 and a current ratio of 0.72.

Deutsche Bank (NYSE:DB) last announced its quarterly earnings results on Wednesday, July 24th. The bank reported ($1.86) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($2.03). Deutsche Bank had a negative return on equity of 4.63% and a negative net margin of 8.73%. The business had revenue of $6.97 billion during the quarter. As a group, research analysts anticipate that Deutsche Bank AG will post 0.16 earnings per share for the current fiscal year.

Several brokerages have recently issued reports on DB. Zacks Investment Research cut shares of Deutsche Bank from a “hold” rating to a “sell” rating and set a $8.00 target price on the stock. in a report on Monday, September 9th. JPMorgan Chase & Co. restated a “hold” rating and issued a $6.25 target price on shares of Deutsche Bank in a report on Wednesday, July 24th. Credit Suisse Group restated a “sell” rating and issued a $6.00 target price on shares of Deutsche Bank in a report on Monday, July 1st. ValuEngine upgraded shares of Deutsche Bank from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. Finally, DZ Bank restated a “neutral” rating on shares of Deutsche Bank in a report on Wednesday, July 24th. Nine analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Deutsche Bank has an average rating of “Hold” and an average target price of $7.01.

Deutsche Bank Company Profile

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

See Also: Trade Deficit

Institutional Ownership by Quarter for Deutsche Bank (NYSE:DB)

Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.