Highland Capital Management LLC Sells 1,460 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Highland Capital Management LLC cut its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 4.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,750 shares of the bank’s stock after selling 1,460 shares during the period. Highland Capital Management LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $558,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Commerzbank Aktiengesellschaft FI lifted its position in shares of Deutsche Bank Aktiengesellschaft by 31,975.7% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 5,259,492 shares of the bank’s stock worth $91,042,000 after buying an additional 5,275,992 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 332.0% during the 3rd quarter. Wellington Management Group LLP now owns 2,194,855 shares of the bank’s stock valued at $37,964,000 after purchasing an additional 1,686,776 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter worth approximately $28,515,000. Allspring Global Investments Holdings LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 329,898.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 699,597 shares of the bank’s stock valued at $12,101,000 after purchasing an additional 699,385 shares during the last quarter. Finally, M&G PLC acquired a new stake in Deutsche Bank Aktiengesellschaft in the third quarter valued at approximately $10,354,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Tuesday.

Deutsche Bank Aktiengesellschaft Stock Performance

Deutsche Bank Aktiengesellschaft stock opened at $19.53 on Friday. The business has a 50 day moving average of $17.90 and a 200-day moving average of $16.95. The company has a market capitalization of $38.89 billion, a P/E ratio of 10.01 and a beta of 1.20. Deutsche Bank Aktiengesellschaft has a 1 year low of $12.43 and a 1 year high of $20.45. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.78 and a quick ratio of 0.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, January 30th. The bank reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.27). Deutsche Bank Aktiengesellschaft had a net margin of 6.40% and a return on equity of 5.35%. On average, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.46 earnings per share for the current year.

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.