Nuveen Asset Management LLC Increases Stake in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Nuveen Asset Management LLC grew its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 11.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,379,409 shares of the bank’s stock after buying an additional 345,196 shares during the period. Nuveen Asset Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $58,229,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of DB. Jones Financial Companies Lllp increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 1,270.5% in the 4th quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank’s stock valued at $69,000 after purchasing an additional 3,748 shares in the last quarter. Activest Wealth Management purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $86,000. Smartleaf Asset Management LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 218.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank’s stock valued at $125,000 after purchasing an additional 4,992 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 3,320.8% in the 4th quarter. Headlands Technologies LLC now owns 8,894 shares of the bank’s stock valued at $152,000 after purchasing an additional 8,634 shares in the last quarter. Finally, Lake Street Advisors Group LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $172,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Wednesday, April 30th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, March 7th. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Wednesday, February 5th. Finally, Barclays reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $27.86 on Monday. The stock has a market cap of $55.49 billion, a price-to-earnings ratio of 20.04 and a beta of 1.00. Deutsche Bank Aktiengesellschaft has a 52 week low of $13.70 and a 52 week high of $28.34. The company’s 50-day moving average price is $24.48 and its 200 day moving average price is $20.65. The company has a current ratio of 0.74, a quick ratio of 0.78 and a debt-to-equity ratio of 1.45.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. Deutsche Bank Aktiengesellschaft had a net margin of 4.66% and a return on equity of 3.90%. The firm had revenue of $8.97 billion for the quarter, compared to analysts’ expectations of $7.95 billion. As a group, research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

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.