Mackenzie Financial Corp Reduces Stock Holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Mackenzie Financial Corp lowered its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 1.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 333,383 shares of the bank’s stock after selling 4,109 shares during the quarter. Mackenzie Financial Corp’s holdings in Deutsche Bank Aktiengesellschaft were worth $5,325,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at approximately $29,000. SYSTM Wealth Solutions LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth approximately $31,000. Parallel Advisors LLC boosted its position in shares of 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. EverSource Wealth Advisors LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 20.5% in the first quarter. EverSource Wealth Advisors LLC now owns 7,368 shares of the bank’s stock valued at $118,000 after purchasing an additional 1,251 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Deutsche Bank Aktiengesellschaft by 251.8% in the second quarter. Blue Trust Inc. now owns 8,587 shares of the bank’s stock worth $135,000 after purchasing an additional 6,146 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

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

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock opened at $16.95 on Wednesday. The firm has a 50-day moving average price of $15.89 and a 200-day moving average price of $16.16. The firm has a market capitalization of $35.03 billion, a PE ratio of 7.40, a price-to-earnings-growth ratio of 2.65 and a beta of 1.21. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.43. Deutsche Bank Aktiengesellschaft has a 12-month low of $10.00 and a 12-month high of $17.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data on Wednesday, July 24th. The bank reported ($0.41) earnings per share (EPS) 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 firm had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $8.18 billion. As a group, equities research analysts forecast 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.