Evolution Wealth Advisors LLC Buys Shares of 11,000 Deutsche Bank Aktiengesellschaft (NYSE:DB)

Key Points

• Evolution Wealth Advisors LLC purchased 11,000 shares of Deutsche Bank Aktiengesellschaft, valued at approximately $262,000, in the first quarter of the year.
• Multiple institutional investors, including Farther Finance Advisors and GAMMA Investing LLC, significantly increased their stakes in Deutsche Bank during the same period, indicating strong interest in the stock.
• Analysts have mixed ratings on Deutsche Bank, with one indicating a sell rating, while others view the stock as a moderate buy, following underwhelming earnings results compared to expectations.

Evolution Wealth Advisors LLC acquired a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,000 shares of the bank's stock, valued at approximately $262,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital International Investors increased its position in shares of Deutsche Bank Aktiengesellschaft by 9.4% during the fourth quarter. Capital International Investors now owns 87,660,818 shares of the bank's stock worth $1,510,097,000 after acquiring an additional 7,558,488 shares during the period. Marshall Wace LLP increased its position in shares of Deutsche Bank Aktiengesellschaft by 18.7% during the fourth quarter. Marshall Wace LLP now owns 15,034,039 shares of the bank's stock worth $258,903,000 after acquiring an additional 2,369,480 shares during the period. Capital International Inc. CA increased its position in shares of Deutsche Bank Aktiengesellschaft by 23.4% during the fourth quarter. Capital International Inc. CA now owns 9,269,824 shares of the bank's stock worth $159,774,000 after acquiring an additional 1,755,675 shares during the period. Janus Henderson Group PLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 91.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,033,793 shares of the bank's stock worth $35,087,000 after acquiring an additional 971,402 shares during the period. Finally, Lansforsakringar Fondforvaltning AB publ purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth approximately $11,054,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup reaffirmed a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Kepler Capital Markets lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a "buy" rating on the stock. Finally, Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Down 0.3%

Shares of NYSE DB traded down $0.13 during midday trading on Monday, reaching $36.13. 774,055 shares of the company's stock traded hands, compared to its average volume of 3,294,232. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. The stock's 50 day simple moving average is $30.11 and its 200-day simple moving average is $25.82. Deutsche Bank Aktiengesellschaft has a one year low of $14.42 and a one year high of $36.31. The company has a market cap of $71.98 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 0.44 and a beta of 1.02.

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