37,024 Shares in Deutsche Bank Aktiengesellschaft $DB Acquired by Plato Investment Management Ltd

Key Points

• Plato Investment Management acquired 37,024 Deutsche Bank shares in the second quarter, valued at approximately $1.24 million. Other institutional investors also increased their positions, with institutions collectively owning 27.9% of the stock.
• Deutsche Bank shares opened at $38.13, near their one-year high of $40.43, while the stock trades at a price-to-earnings ratio of 10.17. The bank reported quarterly EPS of $0.66, below the $0.91 consensus estimate, but revenue of $9.68 billion exceeded expectations.
• Analyst sentiment remains mixed, with four Buy, five Hold, and one Sell rating; the overall consensus is Hold with an average price target of $43.00.

Plato Investment Management Ltd purchased a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 37,024 shares of the bank's stock, valued at approximately $1,244,000.

Other institutional investors also recently modified their holdings of the company. Valeo Financial Advisors LLC grew its stake in Deutsche Bank Aktiengesellschaft by 43.2% in the 2nd quarter. Valeo Financial Advisors LLC now owns 9,756 shares of the bank's stock valued at $329,000 after buying an additional 2,943 shares during the last quarter. Gradient Investments LLC lifted its position in Deutsche Bank Aktiengesellschaft by 7.7% during the 2nd quarter. Gradient Investments LLC now owns 160,989 shares of the bank's stock worth $5,435,000 after acquiring an additional 11,530 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 51.6% during the second quarter. GAMMA Investing LLC now owns 814 shares of the bank's stock valued at $27,000 after acquiring an additional 277 shares during the period. Versant Capital Management Inc grew its position in shares of Deutsche Bank Aktiengesellschaft by 2.8% in the second quarter. Versant Capital Management Inc now owns 22,407 shares of the bank's stock valued at $756,000 after purchasing an additional 612 shares during the last quarter. Finally, Landesbank Baden Wuerttemberg increased its stake in shares of Deutsche Bank Aktiengesellschaft by 7.9% in the first quarter. Landesbank Baden Wuerttemberg now owns 539,121 shares of the bank's stock worth $15,520,000 after purchasing an additional 39,493 shares during the period. Institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE DB opened at $38.13 on Tuesday. The firm has a market capitalization of $73.97 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.54 and a beta of 0.94. Deutsche Bank Aktiengesellschaft has a one year low of $28.12 and a one year high of $40.43. The business has a fifty day simple moving average of $35.63 and a 200 day simple moving average of $33.83. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.25). The business had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. Sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 3.88 EPS for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on DB shares. Citigroup reaffirmed a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 20th. Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 30th. Morgan Stanley restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Bank of America set a $43.00 target price on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods raised shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Thursday, July 9th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank's core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.

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