1832 Asset Management L.P. Cuts Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Key Points

• 1832 Asset Management L.P. has reduced its stake in Deutsche Bank Aktiengesellschaft by 15.9%, owning 155,411 shares after selling 29,351 shares in the first quarter.
• Other hedge funds have changed their positions, with MassMutual Private Wealth & Trust FSB increasing its stake by 21.3% during the same period.
• Deutsche Bank's recent quarterly earnings report showed an earnings per share of $0.54, which missed the consensus estimate of $0.78.

1832 Asset Management L.P. decreased its position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 15.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 155,411 shares of the bank's stock after selling 29,351 shares during the period. 1832 Asset Management L.P.'s holdings in Deutsche Bank Aktiengesellschaft were worth $3,703,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 21.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock valued at $57,000 after buying an additional 424 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 2.2% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank's stock valued at $522,000 after buying an additional 477 shares in the last quarter. Ballentine Partners LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 4.1% during the first quarter. Ballentine Partners LLC now owns 17,356 shares of the bank's stock worth $414,000 after purchasing an additional 680 shares during the last quarter. Cetera Investment Advisers boosted its stake in Deutsche Bank Aktiengesellschaft by 3.9% in the fourth quarter. Cetera Investment Advisers now owns 19,438 shares of the bank's stock worth $331,000 after buying an additional 738 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 96.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock valued at $39,000 after purchasing an additional 800 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. 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. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Finally, Bank of America began coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE:DB opened at $37.1510 on Monday. The firm has a market cap of $74.01 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 0.45 and a beta of 1.02. The firm has a fifty day moving average price of $31.84 and a 200 day moving average price of $27.01. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $15.20 and a fifty-two week high of $37.36.

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 for the quarter, missing the consensus estimate 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 business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. As a group, sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft 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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