19,970,945 Shares in Deutsche Bank Aktiengesellschaft (NYSE:DB) Bought by GQG Partners LLC

Key Points

• GQG Partners LLC acquired nearly 20 million shares of Deutsche Bank Aktiengesellschaft, valued at approximately $470.7 million, representing 1% ownership of the company.
• Deutsche Bank reported earnings of $0.54 per share for the last quarter, which fell short of the estimated $0.78, despite higher-than-expected revenue of $9.21 billion.
• Analysts have varied ratings on Deutsche Bank, with recent downgrades from Kepler Capital Markets and Wall Street Zen, while Royal Bank of Canada maintains an "outperform" rating.

GQG Partners LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the first quarter, according to its most recent filing with the SEC. The firm purchased 19,970,945 shares of the bank's stock, valued at approximately $470,716,000. GQG Partners LLC owned 1.00% of Deutsche Bank Aktiengesellschaft at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its stake in shares of Deutsche Bank Aktiengesellschaft by 21.3% in 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 during the period. Ballentine Partners LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 4.1% during the 1st quarter. Ballentine Partners LLC now owns 17,356 shares of the bank's stock worth $414,000 after buying an additional 680 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Deutsche Bank Aktiengesellschaft by 3.9% during the 4th 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. Farther Finance Advisors LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 96.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock worth $39,000 after purchasing an additional 800 shares during the period. Finally, Sequoia Financial Advisors LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 6.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock worth $360,000 after purchasing an additional 900 shares during the period. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB opened at $36.29 on Wednesday. The firm's 50-day simple moving average is $30.45 and its two-hundred day simple moving average is $26.01. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $14.42 and a fifty-two week high of $36.46. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. The stock has a market cap of $72.29 billion, a PE ratio of 13.80, a price-to-earnings-growth ratio of 0.44 and a beta of 1.02.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) 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 company had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $7.80 billion. Analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on DB shares. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Kepler Capital Markets downgraded shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Citigroup reaffirmed a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Finally, Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They set a "buy" rating on the stock. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".

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.

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 Aktiengesellschaft (NYSE:DB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.