Sumitomo Mitsui Trust Holdings Inc. Sells 94,029 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Posted by Defense World Staff on Apr 15th, 2023

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Rating) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,073,138 shares of the bank’s stock after selling 94,029 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.29% of Deutsche Bank Aktiengesellschaft worth $68,874,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Ronald Blue Trust Inc. raised its stake in shares of Deutsche Bank Aktiengesellschaft by 550.0% during the fourth quarter. Ronald Blue Trust Inc. now owns 3,588 shares of the bank’s stock valued at $26,000 after acquiring an additional 3,036 shares during the last quarter. Wipfli Financial Advisors LLC bought a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth $52,000. EverSource Wealth Advisors LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 4,414.8% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 8,217 shares of the bank’s stock worth $61,000 after buying an additional 8,035 shares during the period. Verdence Capital Advisors LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $115,000. Finally, Sequoia Financial Advisors LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter valued at about $115,000. 24.67% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $10.95 on Friday. The firm has a market capitalization of $22.63 billion, a P/E ratio of 4.42, a P/E/G ratio of 0.85 and a beta of 1.32. Deutsche Bank Aktiengesellschaft has a twelve month low of $7.24 and a twelve month high of $13.57. The company has a fifty day moving average of $11.28 and a 200-day moving average of $10.81. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.82.

Deutsche Bank Aktiengesellschaft (NYSE:DB – Get Rating) last announced its quarterly earnings data on Thursday, February 2nd. The bank reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.12. The firm had revenue of $6.45 billion for the quarter, compared to analyst estimates of $6.84 billion. Deutsche Bank Aktiengesellschaft had a net margin of 12.31% and a return on equity of 4.97%. As a group, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 1.9 EPS for the current year.

Analyst Upgrades and Downgrades

DB has been the topic of several analyst reports. StockNews.com started coverage on Deutsche Bank Aktiengesellschaft in a report on Thursday, March 16th. They issued a “buy” rating on the stock. Bank of America cut shares of Deutsche Bank Aktiengesellschaft from a “neutral” rating to an “underperform” rating in a research report on Friday, February 10th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has an average rating of “Hold” and a consensus price target of $13.55.

Deutsche Bank Aktiengesellschaft Profile

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Deutsche Bank AG engages in the provision of corporate banking and investment services. It operates through the following segments: Corporate Bank, Investment Bank, Private Bank, Asset Management, Capital Release Unit, and Corporate and Other. The Corporate Bank segment includes the global transaction bank as well as the German commercial clients division.