Banque Pictet & Cie SA Grows Stake in Deutsche Bank (DB)

Banque Pictet & Cie SA grew its position in Deutsche Bank (NYSE:DB) by 868.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 1,001,705 shares of the bank’s stock after buying an additional 898,255 shares during the period. Banque Pictet & Cie SA’s holdings in Deutsche Bank were worth $13,953,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Neuberger Berman Group LLC bought a new position in shares of Deutsche Bank in the 1st quarter worth $247,000. Pictet North America Advisors SA boosted its position in shares of Deutsche Bank by 2,926.3% in the 1st quarter. Pictet North America Advisors SA now owns 954,805 shares of the bank’s stock worth $13,300,000 after purchasing an additional 923,255 shares during the last quarter. NF Trinity Capital Hong Kong Ltd bought a new position in shares of Deutsche Bank in the 1st quarter worth $7,480,000. Aperio Group LLC boosted its position in shares of Deutsche Bank by 15.8% in the 1st quarter. Aperio Group LLC now owns 643,111 shares of the bank’s stock worth $8,991,000 after purchasing an additional 87,927 shares during the last quarter. Finally, Focused Wealth Management Inc boosted its position in shares of Deutsche Bank by 601.3% in the 1st quarter. Focused Wealth Management Inc now owns 39,591 shares of the bank’s stock worth $553,000 after purchasing an additional 33,946 shares during the last quarter. 24.60% of the stock is owned by institutional investors.

Deutsche Bank opened at $13.00 on Thursday, Marketbeat reports. The company has a debt-to-equity ratio of 2.49, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a market cap of $28.21 billion, a price-to-earnings ratio of -21.67 and a beta of 1.40. Deutsche Bank has a 1-year low of $12.87 and a 1-year high of $13.00.

Deutsche Bank (NYSE:DB) last posted its earnings results on Friday, March 16th. The bank reported ($1.35) earnings per share for the quarter. The business had revenue of $6.72 billion for the quarter. Deutsche Bank had a negative return on equity of 1.80% and a negative net margin of 3.32%. analysts predict that Deutsche Bank will post 1.13 earnings per share for the current year.

Several research analysts have recently issued reports on the company. ValuEngine lowered Deutsche Bank from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. DZ Bank restated a “buy” rating on shares of Deutsche Bank in a research report on Thursday, April 26th. Zacks Investment Research lowered Deutsche Bank from a “buy” rating to a “strong sell” rating in a research report on Monday, April 23rd. Finally, Bank of America upgraded Deutsche Bank from an “underperform” rating to a “neutral” rating in a research report on Monday, February 19th. Six equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $17.41.

About Deutsche Bank

Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through three segments: Corporate & Investment Bank (CIB), Private & Commercial Bank (PCB), and Deutsche Asset Management.

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Institutional Ownership by Quarter for Deutsche Bank (NYSE:DB)

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