Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Bought by Pictet Asset Management SA

Pictet Asset Management SA grew its position in Deutsche Bank Aktiengesellschaft (NYSE:DBGet Rating) by 6.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,218,141 shares of the bank’s stock after acquiring an additional 77,783 shares during the period. Pictet Asset Management SA’s holdings in Deutsche Bank Aktiengesellschaft were worth $15,263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at $8,954,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Deutsche Bank Aktiengesellschaft by 16.5% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 201,340 shares of the bank’s stock valued at $2,514,000 after buying an additional 28,516 shares in the last quarter. Quadrant Capital Group LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 36.8% in the fourth quarter. Quadrant Capital Group LLC now owns 8,143 shares of the bank’s stock valued at $102,000 after buying an additional 2,190 shares in the last quarter. Capital Research Global Investors boosted its holdings in Deutsche Bank Aktiengesellschaft by 0.5% in the third quarter. Capital Research Global Investors now owns 102,971,047 shares of the bank’s stock valued at $1,320,601,000 after purchasing an additional 517,860 shares during the period. Finally, Moors & Cabot Inc. purchased a new position in Deutsche Bank Aktiengesellschaft in the third quarter valued at $6,727,000.

Shares of DB stock opened at $9.83 on Thursday. Deutsche Bank Aktiengesellschaft has a 52-week low of $9.16 and a 52-week high of $16.70. The stock’s 50-day moving average price is $11.49 and its 200 day moving average price is $12.58. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.81 and a current ratio of 0.81.

Deutsche Bank Aktiengesellschaft (NYSE:DBGet Rating) last issued its quarterly earnings results on Wednesday, April 27th. The bank reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.13. The firm had revenue of $8.22 billion for the quarter, compared to analysts’ expectations of $7.55 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 4.27% and a net margin of 8.07%. As a group, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 1.88 EPS for the current year.

The firm also recently announced a dividend, which will be paid on Tuesday, May 24th. Shareholders of record on Monday, May 23rd will be given a dividend of $0.1473 per share. This represents a yield of 1.53%. The ex-dividend date is Friday, May 20th.

DB has been the subject of a number of recent research reports. Kepler Capital Markets upgraded Deutsche Bank Aktiengesellschaft to a “buy” rating and set a $15.40 target price for the company in a report on Friday, April 8th. The Goldman Sachs Group started coverage on Deutsche Bank Aktiengesellschaft in a report on Wednesday, March 30th. They issued a “buy” rating for the company. StockNews.com started coverage on Deutsche Bank Aktiengesellschaft in a report on Thursday, March 31st. They set a “hold” rating for the company. UBS Group lifted their price target on Deutsche Bank Aktiengesellschaft from €15.30 ($15.94) to €16.30 ($16.98) in a report on Friday, April 29th. Finally, Zacks Investment Research raised Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong-buy” rating and set a $11.50 price target for the company in a report on Monday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $13.81.

Deutsche Bank Aktiengesellschaft Profile (Get Rating)

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, foreign exchange, and securities services, as well as risk management solutions.

See Also

Want to see what other hedge funds are holding DB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deutsche Bank Aktiengesellschaft (NYSE:DBGet Rating).

Institutional Ownership by Quarter for Deutsche Bank Aktiengesellschaft (NYSE:DB)

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