Zurcher Kantonalbank Zurich Cantonalbank Lowers Stock Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Zurcher Kantonalbank Zurich Cantonalbank cut its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,641,759 shares of the bank’s stock after selling 187,416 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned 0.08% of Deutsche Bank Aktiengesellschaft worth $22,423,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DB. Anchor Investment Management LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth approximately $41,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth approximately $44,000. Blue Trust Inc. grew its position in shares of Deutsche Bank Aktiengesellschaft by 221.4% during the fourth quarter. Blue Trust Inc. now owns 3,882 shares of the bank’s stock worth $53,000 after acquiring an additional 2,674 shares during the last quarter. Commonwealth Equity Services LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the third quarter worth approximately $76,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter worth $104,000. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DB has been the subject of several recent research reports. Morgan Stanley raised Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Wednesday, March 27th. Erste Group Bank raised Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a report on Wednesday, March 13th. StockNews.com raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Monday, March 18th. Finally, Citigroup downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Up 2.0 %

Shares of DB stock opened at $15.67 on Thursday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $9.82 and a fifty-two week high of $16.33. The stock has a market cap of $32.39 billion, a P/E ratio of 7.16, a P/E/G ratio of 0.87 and a beta of 1.32. The business has a fifty day simple moving average of $14.46 and a 200-day simple moving average of $13.02. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 1.56.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Friday, February 2nd. The bank reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.35. Deutsche Bank Aktiengesellschaft had a return on equity of 5.37% and a net margin of 6.86%. The business had revenue of $5.81 billion during the quarter, compared to analysts’ expectations of $7.46 billion. On average, analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.22 earnings per share for the current fiscal year.

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.