Oppenheimer & Co. Inc. Decreases Holdings in Deutsche Bank AG (NYSE:DB)

Oppenheimer & Co. Inc. lowered its position in Deutsche Bank AG (NYSE:DB) by 9.7% during the second quarter, HoldingsChannel.com reports. The fund owned 64,675 shares of the bank’s stock after selling 6,975 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Deutsche Bank were worth $493,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. DekaBank Deutsche Girozentrale boosted its position in Deutsche Bank by 12.0% during the first quarter. DekaBank Deutsche Girozentrale now owns 17,752,113 shares of the bank’s stock worth $200,006,000 after purchasing an additional 1,904,859 shares in the last quarter. Parametric Portfolio Associates LLC grew its holdings in Deutsche Bank by 47.6% in the first quarter. Parametric Portfolio Associates LLC now owns 2,477,373 shares of the bank’s stock valued at $20,116,000 after purchasing an additional 799,044 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Deutsche Bank by 192.9% in the second quarter. Janus Henderson Group PLC now owns 1,957,634 shares of the bank’s stock valued at $15,120,000 after buying an additional 1,289,334 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Deutsche Bank by 6.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,533,583 shares of the bank’s stock valued at $11,841,000 after buying an additional 93,680 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Deutsche Bank by 1,062.8% during the 2nd quarter. SG Americas Securities LLC now owns 920,559 shares of the bank’s stock worth $7,024,000 after buying an additional 841,391 shares during the last quarter. 21.95% of the stock is owned by hedge funds and other institutional investors.

NYSE DB traded down $0.07 during mid-day trading on Wednesday, hitting $8.23. The company’s stock had a trading volume of 399,533 shares, compared to its average volume of 6,629,139. The firm has a market capitalization of $16.89 billion, a P/E ratio of -822.06 and a beta of 1.53. The company has a debt-to-equity ratio of 2.32, a current ratio of 0.72 and a quick ratio of 0.72. Deutsche Bank AG has a 52-week low of $6.44 and a 52-week high of $12.52. The stock’s fifty day simple moving average is $7.45 and its two-hundred day simple moving average is $7.84.

Deutsche Bank (NYSE:DB) last released its quarterly earnings data on Wednesday, July 24th. The bank reported ($1.86) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($2.03). Deutsche Bank had a negative return on equity of 4.63% and a negative net margin of 8.73%. The business had revenue of $6.97 billion for the quarter. On average, equities analysts forecast that Deutsche Bank AG will post 0.16 earnings per share for the current fiscal year.

DB has been the topic of several recent research reports. JPMorgan Chase & Co. restated a “hold” rating and issued a $6.25 price objective on shares of Deutsche Bank in a research report on Wednesday, July 24th. Bank of America reaffirmed a “sell” rating on shares of Deutsche Bank in a research note on Monday, July 8th. DZ Bank reiterated a “neutral” rating on shares of Deutsche Bank in a report on Wednesday, July 24th. ValuEngine raised shares of Deutsche Bank from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Finally, Goldman Sachs Group reissued a “hold” rating and issued a $7.80 target price on shares of Deutsche Bank in a research report on Tuesday, July 23rd. Nine equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $7.01.

Deutsche Bank Company Profile

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

Further Reading: Strike Price

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

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