Westend Capital Management LLC Makes New $10.27 Million Investment in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Westend Capital Management LLC acquired 350,797 shares of Deutsche Bank, valued at approximately $10.27 million, making it 3.2% of their portfolio.
• Deutsche Bank reported $0.54 earnings per share for the latest quarter, missing expectations of $0.78, but had a revenue of $9.21 billion that surpassed forecasts.
• Several analysts have recently downgraded Deutsche Bank's stock rating, with a consensus rating of "Hold" from various equities research analysts.

Westend Capital Management LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 350,797 shares of the bank's stock, valued at approximately $10,271,000. Deutsche Bank Aktiengesellschaft accounts for about 3.2% of Westend Capital Management LLC's holdings, making the stock its 18th biggest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of DB. Cetera Investment Advisers boosted its stake in Deutsche Bank Aktiengesellschaft by 3.9% during 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 27.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,535,464 shares of the bank's stock worth $43,230,000 after purchasing an additional 551,653 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth $176,000. Mackenzie Financial Corp lifted its position in shares of Deutsche Bank Aktiengesellschaft by 64.1% during the fourth quarter. Mackenzie Financial Corp now owns 609,613 shares of the bank's stock worth $10,394,000 after purchasing an additional 238,122 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth $11,054,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DB shares. Morgan Stanley reiterated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. The Goldman Sachs Group downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating for the company. Finally, Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB traded up $0.23 during trading hours on Monday, reaching $36.47. The stock had a trading volume of 2,035,304 shares, compared to its average volume of 2,499,917. The stock has a fifty day moving average of $34.76 and a 200 day moving average of $29.20. The stock has a market cap of $72.65 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.44 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.02 and a 52-week high of $37.86. 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 (NYSE:DB - Get Free Report) last issued its earnings results on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The firm had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. Sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

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.