Russell Investments Group Ltd. Sells 281,059 Shares of Deutsche Bank Aktiengesellschaft $DB

by · The Cerbat Gem

Russell Investments Group Ltd. trimmed its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB – Free Report) by 8.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,991,798 shares of the bank’s stock after selling 281,059 shares during the period. Russell Investments Group Ltd. owned about 0.15% of Deutsche Bank Aktiengesellschaft worth $88,580,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 2.9% in the 2nd quarter. Contravisory Investment Management Inc. now owns 12,223 shares of the bank’s stock valued at $358,000 after acquiring an additional 346 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Deutsche Bank Aktiengesellschaft by 4.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 10,033 shares of the bank’s stock worth $294,000 after purchasing an additional 450 shares during the period. Dorsey & Whitney Trust CO LLC lifted its position in Deutsche Bank Aktiengesellschaft by 2.2% in the first quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank’s stock valued at $522,000 after purchasing an additional 477 shares during the last quarter. Drive Wealth Management LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 3.9% during the second quarter. Drive Wealth Management LLC now owns 13,125 shares of the bank’s stock valued at $384,000 after purchasing an additional 489 shares during the period. Finally, Venturi Wealth Management LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 1.2% during the second quarter. Venturi Wealth Management LLC now owns 42,469 shares of the bank’s stock valued at $1,244,000 after purchasing an additional 509 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Up 2.1%

Shares of DB opened at $35.48 on Thursday. Deutsche Bank Aktiengesellschaft has a 1-year low of $16.23 and a 1-year high of $38.78. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. The firm’s 50-day moving average price is $35.34 and its 200-day moving average price is $32.89. The firm has a market capitalization of $70.67 billion, a price-to-earnings ratio of 13.09, a PEG ratio of 1.12 and a beta of 1.02.

Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Free Report) last issued its quarterly earnings data on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, topping the consensus estimate of $0.81 by $0.16. The business had revenue of $9.44 billion during the quarter, compared to analyst estimates of $7.75 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.99% and a return on equity of 6.13%. Sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Analysts Set New Price Targets

DB has been the topic of several analyst reports. Jefferies Financial Group began coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, October 20th. They issued a “hold” rating on the stock. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Friday, August 22nd. The Goldman Sachs Group downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 26th. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, November 22nd. Finally, Barclays raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a research note on Friday, October 10th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

View Our Latest Analysis on DB

Deutsche Bank Aktiengesellschaft Profile

(Free Report)

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.

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