United Services Automobile Association Reduces Stake in Deutsche Bank Aktiengesellschaft (NYSE:DB)

United Services Automobile Association cut its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 1.1% in the second quarter, HoldingsChannel.com reports. The firm owned 73,732 shares of the bank’s stock after selling 801 shares during the quarter. United Services Automobile Association’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,177,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Choreo LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth $234,000. Prudential PLC lifted its stake in Deutsche Bank Aktiengesellschaft by 20.1% during the 2nd quarter. Prudential PLC now owns 189,341 shares of the bank’s stock worth $3,025,000 after acquiring an additional 31,717 shares in the last quarter. Ping Capital Management Inc. acquired a new position in Deutsche Bank Aktiengesellschaft during the 2nd quarter worth about $478,000. Varma Mutual Pension Insurance Co acquired a new position in Deutsche Bank Aktiengesellschaft during the 2nd quarter worth about $8,434,000. Finally, Ballentine Partners LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 13.7% during the 2nd quarter. Ballentine Partners LLC now owns 13,158 shares of the bank’s stock worth $210,000 after acquiring an additional 1,590 shares in the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

DB stock opened at $16.64 on Tuesday. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market capitalization of $34.38 billion, a P/E ratio of 7.26, a P/E/G ratio of 2.54 and a beta of 1.21. The business’s 50-day moving average is $15.90 and its two-hundred day moving average is $15.85. Deutsche Bank Aktiengesellschaft has a 1 year low of $10.00 and a 1 year high of $17.95.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted 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). Deutsche Bank Aktiengesellschaft had a net margin of 5.58% and a return on equity of 4.63%. The company had revenue of $7.87 billion during the quarter, compared to analyst estimates of $8.18 billion. Analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.29 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DB shares. StockNews.com lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Barclays raised Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 3rd. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

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.