Seven Eight Capital LP Decreases Stock Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Seven Eight Capital LP trimmed its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 35.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 89,002 shares of the bank’s stock after selling 48,722 shares during the period. Seven Eight Capital LP’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,419,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DB. BNP Paribas Financial Markets increased its holdings in Deutsche Bank Aktiengesellschaft by 109.3% during the 4th quarter. BNP Paribas Financial Markets now owns 247,971 shares of the bank’s stock worth $3,360,000 after purchasing an additional 129,488 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter worth $1,652,000. Franklin Resources Inc. raised its holdings in Deutsche Bank Aktiengesellschaft by 12.1% in the fourth quarter. Franklin Resources Inc. now owns 5,999,429 shares of the bank’s stock valued at $81,910,000 after acquiring an additional 648,738 shares in the last quarter. Parallel Advisors LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 26.9% during the 4th quarter. Parallel Advisors LLC now owns 5,483 shares of the bank’s stock valued at $74,000 after acquiring an additional 1,163 shares during the last quarter. Finally, United Services Automobile Association grew its holdings in Deutsche Bank Aktiengesellschaft by 10.0% during the 4th quarter. United Services Automobile Association now owns 74,533 shares of the bank’s stock worth $1,017,000 after acquiring an additional 6,763 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DB shares. StockNews.com cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Barclays raised Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 3rd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Stock Up 2.4 %

Shares of NYSE:DB opened at $17.02 on Friday. The company’s fifty day moving average is $15.81 and its two-hundred day moving average is $15.97. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.78 and a current ratio of 0.78. Deutsche Bank Aktiengesellschaft has a 1-year low of $10.00 and a 1-year high of $17.95. The stock has a market capitalization of $35.17 billion, a price-to-earnings ratio of 7.43, a price-to-earnings-growth ratio of 2.46 and a beta of 1.21.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Wednesday, July 24th. The bank reported ($0.41) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.90). Deutsche Bank Aktiengesellschaft had a return on equity of 4.63% and a net margin of 5.58%. The business had revenue of $7.87 billion for the quarter, compared to analyst estimates of $8.18 billion. Equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.29 EPS for the current year.

About Deutsche Bank Aktiengesellschaft

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.