Mediolanum International Funds Ltd Sells 51,156 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Mediolanum International Funds Ltd reduced its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 17.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 247,171 shares of the bank’s stock after selling 51,156 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Deutsche Bank Aktiengesellschaft were worth $5,935,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in DB. MassMutual Private Wealth & Trust FSB boosted its position in Deutsche Bank Aktiengesellschaft by 21.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank’s stock valued at $57,000 after acquiring an additional 424 shares in the last quarter. Ballentine Partners LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 4.1% during the first quarter. Ballentine Partners LLC now owns 17,356 shares of the bank’s stock valued at $414,000 after purchasing an additional 680 shares in the last quarter. Cetera Investment Advisers grew its stake in Deutsche Bank Aktiengesellschaft by 3.9% in the fourth quarter. Cetera Investment Advisers now owns 19,438 shares of the bank’s stock worth $331,000 after purchasing an additional 738 shares during the period. Pitcairn Co. raised its holdings in Deutsche Bank Aktiengesellschaft by 5.7% in the fourth quarter. Pitcairn Co. now owns 13,742 shares of the bank’s stock worth $234,000 after purchasing an additional 740 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Deutsche Bank Aktiengesellschaft by 96.5% during the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank’s stock valued at $39,000 after buying an additional 800 shares during the period. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

DB opened at $33.46 on Monday. The firm has a market cap of $66.64 billion, a PE ratio of 12.72, a P/E/G ratio of 0.43 and a beta of 0.97. The stock has a 50-day moving average price of $28.93 and a 200-day moving average price of $24.77. Deutsche Bank Aktiengesellschaft has a 1 year low of $13.70 and a 1 year high of $34.14. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.24). The firm had revenue of $9.21 billion during the quarter, compared to analysts’ expectations of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. Sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DB has been the topic of a number of recent research reports. Bank of America initiated coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They issued a “buy” rating on the stock. Cfra Research raised shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, April 30th. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday. Finally, Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

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.