SG Trading Solutions LLC Invests $1.38 Million in Deutsche Bank Aktiengesellschaft $DB

SG Trading Solutions LLC acquired a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,772 shares of the bank’s stock, valued at approximately $1,379,000.

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

Deutsche Bank Aktiengesellschaft Trading Up 0.7%

Deutsche Bank Aktiengesellschaft stock opened at $35.30 on Friday. Deutsche Bank Aktiengesellschaft has a 1 year low of $27.26 and a 1 year high of $40.43. The firm’s 50 day moving average price is $32.38 and its 200-day moving average price is $34.51. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. The stock has a market cap of $68.49 billion, a P/E ratio of 9.73, a PEG ratio of 0.47 and a beta of 0.93.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. The firm had revenue of $10.04 billion during the quarter, compared to analyst estimates of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. On average, equities analysts predict that Deutsche Bank Aktiengesellschaft will post 3.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on DB shares. Citigroup upgraded shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research report on Thursday, April 9th. Barclays downgraded shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research report on Monday, April 20th. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Oddo Bhf upgraded Deutsche Bank Aktiengesellschaft to an “outperform” rating in a research note on Friday, May 8th. Finally, Weiss Ratings downgraded Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of “Hold”.

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.