Norges Bank Purchases Shares of 13,705,195 Deutsche Bank Aktiengesellschaft $DB

Norges Bank purchased a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the 4th quarter, HoldingsChannel reports. The firm purchased 13,705,195 shares of the bank’s stock, valued at approximately $532,397,000.

Other large investors have also added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at about $32,000. Cary Street Partners Investment Advisory LLC grew its stake in Deutsche Bank Aktiengesellschaft by 61.8% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,081 shares of the bank’s stock valued at $38,000 after purchasing an additional 413 shares during the last quarter. Westside Investment Management Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 1,186 shares of the bank’s stock valued at $42,000 after purchasing an additional 593 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 178.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after acquiring an additional 881 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at $59,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on DB shares. Citigroup raised shares of Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Oddo Bhf raised shares of Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Weiss Ratings downgraded shares of Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Saturday, May 16th. Finally, Barclays downgraded Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a research note on Monday, April 20th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 0.1%

Shares of DB opened at $32.33 on Monday. The stock’s 50-day moving average price is $31.43 and its 200-day moving average price is $34.78. Deutsche Bank Aktiengesellschaft has a 52 week low of $27.13 and a 52 week high of $40.43. The company has a market capitalization of $62.71 billion, a price-to-earnings ratio of 8.90, a PEG ratio of 0.43 and a beta of 0.93. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.40.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.09. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. The firm had revenue of $10.04 billion for the quarter, compared to the consensus estimate of $9.85 billion. On average, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 4.02 EPS for the current year.

Deutsche Bank Aktiengesellschaft 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.