Deutsche Bank Aktiengesellschaft (NYSE:DB) Downgraded by Kepler Capital Markets to Hold

Key Points

• Deutsche Bank Aktiengesellschaft has been downgraded by Kepler Capital Markets from a "strong-buy" rating to a "hold" rating, following a series of mixed evaluations from various analysts.
• The bank reported an earnings per share (EPS) of $0.54 for the last quarter, missing analysts' expectations of $0.78 and indicating revenue growth that surpassed estimates.
• In the second quarter, several institutional investors increased their stakes in Deutsche Bank Aktiengesellschaft, with Bleakley Financial Group LLC raising its holdings by 21.5%.

Kepler Capital Markets lowered shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) from a strong-buy rating to a hold rating in a research note published on Monday morning,Zacks.com reports.

Several other research firms also recently issued reports on DB. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Cfra Research raised shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Citigroup reaffirmed a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Bank of America started coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock traded down $0.44 during trading hours on Monday, hitting $32.54. The company's stock had a trading volume of 3,210,819 shares, compared to its average volume of 2,553,839. The company has a 50 day moving average of $29.40 and a 200 day moving average of $25.20. Deutsche Bank Aktiengesellschaft has a 12-month low of $13.70 and a 12-month high of $34.14. The stock has a market cap of $64.82 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. The firm had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $7.80 billion. On average, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Deutsche Bank Aktiengesellschaft

Several hedge funds and other institutional investors have recently bought and sold shares of DB. Wealth Enhancement Advisory Services LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 68.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank's stock valued at $567,000 after acquiring an additional 9,684 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock valued at $360,000 after acquiring an additional 900 shares during the last quarter. Oppenheimer & Co. Inc. grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 45.3% in the first quarter. Oppenheimer & Co. Inc. now owns 94,531 shares of the bank's stock valued at $2,253,000 after purchasing an additional 29,451 shares in the last quarter. Gemsstock Ltd. acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the fourth quarter valued at approximately $15,498,000. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 26.0% in the first quarter. Janney Montgomery Scott LLC now owns 65,901 shares of the bank's stock valued at $1,570,000 after purchasing an additional 13,615 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

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.