Nuveen Asset Management LLC Acquires 345,196 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Nuveen Asset Management LLC lifted its position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 11.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,379,409 shares of the bank's stock after purchasing an additional 345,196 shares during the period. Nuveen Asset Management LLC owned about 0.17% of Deutsche Bank Aktiengesellschaft worth $58,229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in DB. Jones Financial Companies Lllp lifted its stake in Deutsche Bank Aktiengesellschaft by 1,270.5% in the fourth quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank's stock worth $69,000 after acquiring an additional 3,748 shares during the period. Activest Wealth Management purchased a new stake in Deutsche Bank Aktiengesellschaft in the fourth quarter worth $86,000. Smartleaf Asset Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 218.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank's stock worth $125,000 after acquiring an additional 4,992 shares during the period. Headlands Technologies LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 3,320.8% in the fourth quarter. Headlands Technologies LLC now owns 8,894 shares of the bank's stock worth $152,000 after acquiring an additional 8,634 shares during the period. Finally, Lake Street Advisors Group LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the fourth quarter worth $172,000. Institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Stock Down 4.3%

Shares of NYSE:DB traded down $1.22 on Friday, hitting $27.24. 4,156,199 shares of the company traded hands, compared to its average volume of 2,385,394. Deutsche Bank Aktiengesellschaft has a 52 week low of $13.70 and a 52 week high of $29.07. The company has a quick ratio of 0.78, a current ratio of 0.74 and a debt-to-equity ratio of 1.45. The stock has a 50 day simple moving average of $24.92 and a 200-day simple moving average of $21.01. The company has a market cap of $54.26 billion, a PE ratio of 19.60 and a beta of 1.00.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The bank reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.19. Deutsche Bank Aktiengesellschaft had a return on equity of 3.90% and a net margin of 4.66%. The firm had revenue of $8.97 billion during the quarter, compared to the consensus estimate of $7.95 billion. As a group, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, March 7th. Royal Bank of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. Citigroup reissued a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, February 3rd. Cfra Research raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, The Goldman Sachs Group raised Deutsche Bank Aktiengesellschaft to a "strong-buy" rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft presently has a consensus rating of "Moderate Buy".

Check Out Our Latest Report on DB

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.

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