Deutsche Bank Aktiengesellschaft (NYSE:DB) Stake Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 329,898.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 699,597 shares of the bank’s stock after purchasing an additional 699,385 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $12,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James & Associates boosted its stake in Deutsche Bank Aktiengesellschaft by 30.4% during the 3rd quarter. Raymond James & Associates now owns 336,986 shares of the bank’s stock valued at $5,833,000 after purchasing an additional 78,517 shares during the period. Blue Trust Inc. increased its position in Deutsche Bank Aktiengesellschaft by 232.9% in the 3rd quarter. Blue Trust Inc. now owns 28,585 shares of the bank’s stock valued at $456,000 after acquiring an additional 19,998 shares during the period. Vontobel Holding Ltd. raised its stake in Deutsche Bank Aktiengesellschaft by 20.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 882,380 shares of the bank’s stock valued at $15,229,000 after acquiring an additional 151,553 shares in the last quarter. Creative Planning grew its stake in shares of Deutsche Bank Aktiengesellschaft by 26.1% in the third quarter. Creative Planning now owns 143,117 shares of the bank’s stock worth $2,477,000 after purchasing an additional 29,622 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in shares of Deutsche Bank Aktiengesellschaft by 24.5% in the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 2,240,124 shares of the bank’s stock worth $38,746,000 after purchasing an additional 440,513 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Analyst Ratings Changes

DB has been the subject of a number of recent analyst reports. 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 upgraded shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a report on Monday, October 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

NYSE:DB opened at $16.84 on Friday. Deutsche Bank Aktiengesellschaft has a 52-week low of $10.83 and a 52-week high of $17.95. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.43. The firm has a market cap of $34.80 billion, a P/E ratio of 7.35 and a beta of 1.21. The business’s 50-day moving average price is $16.77 and its 200 day moving average price is $16.38.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its earnings results on Wednesday, July 24th. The bank reported ($0.41) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $8.18 billion.

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.