Hsbc Holdings PLC Sells 390,857 Shares of Deutsche Bank Aktiengesellschaft $DB

Hsbc Holdings PLC decreased its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 34.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 739,050 shares of the bank’s stock after selling 390,857 shares during the quarter. Hsbc Holdings PLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $28,742,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of DB. AQR Capital Management LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 15.9% during the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank’s stock worth $3,005,000 after acquiring an additional 17,262 shares during the last quarter. Focus Partners Wealth bought a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $795,000. Sivia Capital Partners LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the second quarter worth $413,000. Rhumbline Advisers lifted its position in shares of Deutsche Bank Aktiengesellschaft by 4.5% during the second quarter. Rhumbline Advisers now owns 27,750 shares of the bank’s stock worth $813,000 after purchasing an additional 1,187 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in shares of Deutsche Bank Aktiengesellschaft by 24.1% during the second quarter. First Trust Advisors LP now owns 528,327 shares of the bank’s stock worth $15,620,000 after purchasing an additional 102,754 shares during the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Deutsche Bank Aktiengesellschaft Price Performance

DB opened at $33.97 on Thursday. The company has a market capitalization of $65.90 billion, a price-to-earnings ratio of 9.36, a PEG ratio of 0.47 and a beta of 0.93. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a 12-month low of $28.12 and a 12-month high of $40.43. The business’s fifty day simple moving average is $32.60 and its 200-day simple moving average is $34.48.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $9.85 billion. On average, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.97 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Company Profile

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.