Mackenzie Financial Corp Sells 4,109 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Mackenzie Financial Corp cut its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 1.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in DB. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in Deutsche Bank Aktiengesellschaft by 30.8% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,559,579 shares of the bank’s stock valued at $185,233,000 after acquiring an additional 3,196,091 shares during the last quarter. QRG Capital Management Inc. boosted its position in shares of Deutsche Bank Aktiengesellschaft by 14.1% in the 2nd quarter. QRG Capital Management Inc. now owns 339,611 shares of the bank’s stock worth $5,413,000 after purchasing an additional 42,017 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH increased its position in Deutsche Bank Aktiengesellschaft by 10.4% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 1,620,402 shares of the bank’s stock valued at $25,519,000 after buying an additional 152,498 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Deutsche Bank Aktiengesellschaft by 14.7% in the first quarter. Canada Pension Plan Investment Board now owns 4,089,532 shares of the bank’s stock valued at $64,404,000 after buying an additional 524,175 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its holdings in Deutsche Bank Aktiengesellschaft by 136.2% in the first quarter. Jupiter Asset Management Ltd. now owns 816,911 shares of the bank’s stock worth $12,865,000 after acquiring an additional 470,987 shares in the last quarter. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE DB opened at $16.95 on Wednesday. The company has a 50 day simple moving average of $15.89 and a two-hundred day simple moving average of $16.16. The stock has a market cap of $35.03 billion, a price-to-earnings ratio of 7.40, a PEG 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 results on Wednesday, July 24th. The bank reported ($0.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.90). The company had revenue of $7.87 billion during the quarter, compared to analyst estimates of $8.18 billion. Deutsche Bank Aktiengesellschaft had a net margin of 5.58% and a return on equity of 4.63%. As a group, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.29 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Deutsche Bank Aktiengesellschaft Company 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.