SEB Asset Management AB Makes New Investment in Deutsche Bank Aktiengesellschaft $DB

SEB Asset Management AB bought a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the first quarter, HoldingsChannel reports. The institutional investor bought 1,829,153 shares of the bank’s stock, valued at approximately $52,931,000.

Several other hedge funds also recently modified their holdings of DB. Norges Bank acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter worth approximately $532,397,000. Amundi lifted its holdings in Deutsche Bank Aktiengesellschaft by 22.0% in the third quarter. Amundi now owns 49,597,003 shares of the bank’s stock valued at $1,732,919,000 after buying an additional 8,932,484 shares during the period. AQR Capital Management LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 2,731.8% in the fourth quarter. AQR Capital Management LLC now owns 7,969,257 shares of the bank’s stock valued at $309,477,000 after acquiring an additional 7,687,841 shares during the last quarter. Credit Agricole S A acquired a new stake in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth $237,336,000. Finally, Viking Global Investors LP acquired a new stake in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth $214,593,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock opened at $35.23 on Friday. The stock’s fifty day simple moving average is $33.65 and its 200 day simple moving average is $34.18. 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 has a market capitalization of $68.34 billion, a PE ratio of 9.70, a PEG ratio of 0.48 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a 12 month low of $28.12 and a 12 month high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%.The firm had revenue of $10.04 billion during the quarter, compared to analysts’ expectations of $9.85 billion. On average, research analysts predict that Deutsche Bank Aktiengesellschaft will post 3.91 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Bank of America set a $43.00 price target on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Barclays cut Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Weiss Ratings lowered Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Oddo Bhf upgraded Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Finally, Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday, June 6th. Four research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $43.00.

About Deutsche Bank Aktiengesellschaft

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.