Absolute Gestao de Investimentos Ltda. Invests $357,000 in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Absolute Gestao de Investimentos Ltda. invested $357,000 in Deutsche Bank by purchasing 15,000 shares in the first quarter, indicating growing interest from institutional investors in the bank's stock.
• Several hedge funds, including MassMutual and Ballentine Partners, have increased their holdings in Deutsche Bank, with institutional investors now owning 27.90% of the company's stock.
• Deutsche Bank reported a quarterly EPS of $0.54, falling short of analysts' expectations of $0.78, while the bank's revenue was significantly higher than predicted at $9.21 billion.

Absolute Gestao de Investimentos Ltda. purchased a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,000 shares of the bank's stock, valued at approximately $357,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its holdings in 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 purchasing an additional 424 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 4.1% in the first quarter. Ballentine Partners LLC now owns 17,356 shares of the bank's stock worth $414,000 after acquiring an additional 680 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of 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 acquiring an additional 738 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 96.5% in the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock worth $39,000 after acquiring an additional 800 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 6.3% in the first quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock worth $360,000 after acquiring an additional 900 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on DB shares. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Bank of America started coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating for the company. 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. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Finally, Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB opened at $36.56 on Monday. Deutsche Bank Aktiengesellschaft has a 1-year low of $15.20 and a 1-year high of $36.99. The stock has a market cap of $72.83 billion, a PE ratio of 13.90, a price-to-earnings-growth ratio of 0.45 and a beta of 1.02. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a fifty day moving average price of $30.97 and a 200 day moving average price of $26.40.

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 analysts' consensus estimates of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. The company had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $7.80 billion. As a group, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current 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.

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