Truist Financial Corp Has $198,000 Stake in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Truist Financial Corp boosted its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 20.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,449 shares of the bank’s stock after purchasing an additional 2,087 shares during the period. Truist Financial Corp’s holdings in Deutsche Bank Aktiengesellschaft were worth $198,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DB. Capital International Investors grew its holdings in Deutsche Bank Aktiengesellschaft by 163.4% during the 1st quarter. Capital International Investors now owns 48,638,662 shares of the bank’s stock worth $765,173,000 after acquiring an additional 30,173,405 shares during the period. Legal & General Group Plc grew its holdings in Deutsche Bank Aktiengesellschaft by 8,267.7% during the 2nd quarter. Legal & General Group Plc now owns 20,181,236 shares of the bank’s stock worth $322,438,000 after acquiring an additional 19,940,056 shares during the period. Acadian Asset Management LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 81.9% during the 1st quarter. Acadian Asset Management LLC now owns 16,069,955 shares of the bank’s stock worth $253,048,000 after acquiring an additional 7,237,525 shares during the period. Capital International Inc. CA grew its holdings in Deutsche Bank Aktiengesellschaft by 414.1% during the 1st quarter. Capital International Inc. CA now owns 7,371,601 shares of the bank’s stock worth $115,971,000 after acquiring an additional 5,937,749 shares during the period. Finally, Marshall Wace LLP grew its holdings in Deutsche Bank Aktiengesellschaft by 102.7% during the 2nd quarter. Marshall Wace LLP now owns 4,778,014 shares of the bank’s stock worth $76,353,000 after acquiring an additional 2,420,905 shares during the period. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $17.64 on Friday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $10.00 and a fifty-two week high of $17.95. The stock has a market cap of $36.46 billion, a price-to-earnings ratio of 7.70 and a beta of 1.21. The company has a debt-to-equity ratio of 1.43, a quick ratio of 0.78 and a current ratio of 0.78. The firm’s 50-day simple moving average is $16.53 and its 200 day simple moving average is $16.34.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results 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 net margin of 5.58% and a return on equity of 4.63%. The business had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $8.18 billion.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Barclays upgraded Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a report on Tuesday, September 3rd. StockNews.com raised shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report on Monday, October 7th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.