10,847 Shares in Deutsche Bank Aktiengesellschaft $DB Acquired by ICONIQ Capital LLC

Key Points

• ICONIQ Capital LLC has acquired 10,847 shares of Deutsche Bank Aktiengesellschaft, valued at approximately $258,000, as part of its new position in the bank during the 1st quarter.
• Deutsche Bank recently reported an EPS of $0.54 for the last quarter, missing analyst expectations, while achieving a revenue of $9.21 billion, surpassing estimates.
• Equity analysts have mixed views on Deutsche Bank, with ratings ranging from Strong Buy to Sell, and an average rating of Moderate Buy currently assigned to its stock.

ICONIQ Capital LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,847 shares of the bank's stock, valued at approximately $258,000.

Several other hedge funds have also added to or reduced their stakes in DB. Stifel Financial Corp lifted its holdings in Deutsche Bank Aktiengesellschaft by 16.9% during the 4th quarter. Stifel Financial Corp now owns 65,935 shares of the bank's stock worth $1,124,000 after purchasing an additional 9,514 shares during the last quarter. Voya Investment Management LLC increased its stake in Deutsche Bank Aktiengesellschaft by 1.8% during the 4th quarter. Voya Investment Management LLC now owns 322,644 shares of the bank's stock worth $5,559,000 after acquiring an additional 5,725 shares during the period. Tudor Investment Corp ET AL bought a new position in Deutsche Bank Aktiengesellschaft during the 4th quarter worth $1,915,000. The Manufacturers Life Insurance Company increased its stake in Deutsche Bank Aktiengesellschaft by 3.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 833,510 shares of the bank's stock worth $14,434,000 after acquiring an additional 24,224 shares during the period. Finally, Northern Trust Corp increased its stake in Deutsche Bank Aktiengesellschaft by 51.1% during the 4th quarter. Northern Trust Corp now owns 1,437,283 shares of the bank's stock worth $24,506,000 after acquiring an additional 486,300 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Friday. Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating on the stock. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Finally, Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Down 0.6%

Shares of DB opened at $36.94 on Tuesday. The company has a market capitalization of $73.59 billion, a PE ratio of 14.05, a PEG ratio of 0.45 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a 12 month low of $15.20 and a 12 month high of $37.54. The stock's 50-day moving average price is $32.01 and its two-hundred day moving average price is $27.13. 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 earnings results on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.24). The company had revenue of $9.21 billion for the quarter, compared to analyst estimates of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. On average, analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

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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