Morgan Stanley Has $27.13 Million Stock Holdings in Deutsche Bank AG (NYSE:DB)

Morgan Stanley raised its holdings in Deutsche Bank AG (NYSE:DB) by 150.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,555,737 shares of the bank’s stock after acquiring an additional 2,137,738 shares during the quarter. Morgan Stanley owned about 0.17% of Deutsche Bank worth $27,130,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Glen Harbor Capital Management LLC lifted its stake in Deutsche Bank by 19.4% in the second quarter. Glen Harbor Capital Management LLC now owns 10,752 shares of the bank’s stock valued at $83,000 after acquiring an additional 1,744 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Deutsche Bank by 17.1% in the second quarter. Commonwealth Equity Services LLC now owns 15,222 shares of the bank’s stock valued at $116,000 after acquiring an additional 2,222 shares during the last quarter. Tyers Asset Management LLC lifted its stake in Deutsche Bank by 19.4% in the second quarter. Tyers Asset Management LLC now owns 14,784 shares of the bank’s stock valued at $114,000 after acquiring an additional 2,398 shares during the last quarter. Riverhead Capital Management LLC lifted its stake in Deutsche Bank by 19.1% in the second quarter. Riverhead Capital Management LLC now owns 16,800 shares of the bank’s stock valued at $130,000 after acquiring an additional 2,700 shares during the last quarter. Finally, Flinton Capital Management LLC lifted its stake in Deutsche Bank by 19.4% in the second quarter. Flinton Capital Management LLC now owns 18,816 shares of the bank’s stock valued at $145,000 after acquiring an additional 3,052 shares during the last quarter. Hedge funds and other institutional investors own 21.93% of the company’s stock.

A number of research firms have recently commented on DB. Bank of America reissued a “sell” rating on shares of Deutsche Bank in a research report on Monday, July 8th. Barclays reissued a “sell” rating and issued a $5.00 price target on shares of Deutsche Bank in a research report on Wednesday, July 17th. Goldman Sachs Group reissued a “hold” rating and issued a $7.80 price target on shares of Deutsche Bank in a research report on Tuesday, July 23rd. DZ Bank reissued a “neutral” rating on shares of Deutsche Bank in a research report on Wednesday, July 24th. Finally, Credit Suisse Group reissued a “sell” rating and issued a $6.00 price target on shares of Deutsche Bank in a research report on Monday, July 1st. Nine investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $7.01.

Shares of DB stock opened at $7.15 on Friday. Deutsche Bank AG has a 1 year low of $6.44 and a 1 year high of $11.43. The firm’s fifty day simple moving average is $7.51 and its 200 day simple moving average is $7.72. The firm has a market capitalization of $14.98 billion, a P/E ratio of -715.00 and a beta of 1.56. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.32.

Deutsche Bank (NYSE:DB) last announced its earnings results on Wednesday, July 24th. The bank reported ($1.86) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($2.03). Deutsche Bank had a negative return on equity of 4.63% and a negative net margin of 8.73%. The company had revenue of $6.97 billion for the quarter. Equities research analysts anticipate that Deutsche Bank AG will post 0.16 EPS for the current fiscal year.

Deutsche Bank Company Profile

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.

Read More: Resistance Level

Want to see what other hedge funds are holding DB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Deutsche Bank AG (NYSE:DB).

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

Receive News & Ratings for Deutsche Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Deutsche Bank and related companies with MarketBeat.com's FREE daily email newsletter.