Deutsche Bank Aktiengesellschaft $DB Holdings Boosted by Artemis Investment Management LLP

Artemis Investment Management LLP lifted its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 242.2% during the third quarter, Holdings Channel reports. The firm owned 4,997,095 shares of the bank’s stock after acquiring an additional 3,536,604 shares during the quarter. Deutsche Bank Aktiengesellschaft makes up about 1.4% of Artemis Investment Management LLP’s portfolio, making the stock its 11th largest holding. Artemis Investment Management LLP’s holdings in Deutsche Bank Aktiengesellschaft were worth $180,435,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 16.4% during the third quarter. Valeo Financial Advisors LLC now owns 11,352 shares of the bank’s stock worth $407,000 after purchasing an additional 1,596 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $34,000. QRG Capital Management Inc. raised its stake in shares of Deutsche Bank Aktiengesellschaft by 13.5% during the 2nd quarter. QRG Capital Management Inc. now owns 184,060 shares of the bank’s stock worth $6,214,000 after buying an additional 21,840 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 16.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,441 shares of the bank’s stock valued at $352,000 after purchasing an additional 1,471 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at $652,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE DB traded down $0.00 during midday trading on Thursday, hitting $33.55. The company’s stock had a trading volume of 1,645,240 shares, compared to its average volume of 2,760,431. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72. The firm’s fifty day moving average price is $38.16 and its 200-day moving average price is $34.72. The firm has a market cap of $65.08 billion, a P/E ratio of 8.94, a P/E/G ratio of 0.48 and a beta of 1.00. Deutsche Bank Aktiengesellschaft has a 1-year low of $28.12 and a 1-year high of $41.62.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.25). The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%. On average, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.93 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of Deutsche Bank Aktiengesellschaft from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 27th. The Goldman Sachs Group upgraded Deutsche Bank Aktiengesellschaft from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 1st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 30th. Keefe, Bruyette & Woods upgraded Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, July 9th. Finally, Bank of America set a $43.00 price objective on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, July 7th. Five analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $43.00.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.