Deutsche Bank Aktiengesellschaft $DB Shares Sold by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC has significantly reduced its holdings in Deutsche Bank Aktiengesellschaft by selling 7,032,247 shares, lowering its stake by 57.7% to approximately 5.16 million shares worth about $121.6 million.
• Several other institutional investors have increased their stakes in Deutsche Bank, with Janus Henderson Group PLC raising its holdings by 91.4% during the fourth quarter.
• A variety of analysts have downgraded Deutsche Bank's stock, with ratings shifting from "buy" to "hold," leading to an average rating of "hold" among market analysts.

Acadian Asset Management LLC lessened its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 57.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,162,187 shares of the bank's stock after selling 7,032,247 shares during the period. Acadian Asset Management LLC owned about 0.26% of Deutsche Bank Aktiengesellschaft worth $121,641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Northern Trust Corp increased its position in shares of Deutsche Bank Aktiengesellschaft by 51.1% in the fourth quarter. Northern Trust Corp now owns 1,437,283 shares of the bank's stock valued at $24,506,000 after buying an additional 486,300 shares in the last quarter. Cetera Investment Advisers increased its holdings in Deutsche Bank Aktiengesellschaft by 3.9% in the 4th 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. Janus Henderson Group PLC raised its position in Deutsche Bank Aktiengesellschaft by 91.4% during the fourth quarter. Janus Henderson Group PLC now owns 2,033,793 shares of the bank's stock worth $35,087,000 after acquiring an additional 971,402 shares during the period. Nuveen Asset Management LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 11.4% in the fourth quarter. Nuveen Asset Management LLC now owns 3,379,409 shares of the bank's stock valued at $58,229,000 after purchasing an additional 345,196 shares during the period. Finally, Quantinno Capital Management LP increased its stake in shares of Deutsche Bank Aktiengesellschaft by 12.4% during the fourth quarter. Quantinno Capital Management LP now owns 292,746 shares of the bank's stock worth $4,991,000 after purchasing an additional 32,297 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Trading Up 1.0%

DB stock traded up $0.36 during mid-day trading on Monday, hitting $37.52. 1,219,713 shares of the company were exchanged, compared to its average volume of 3,177,315. Deutsche Bank Aktiengesellschaft has a 12-month low of $16.02 and a 12-month high of $37.86. The firm has a market capitalization of $74.73 billion, a P/E ratio of 14.26, a PEG ratio of 0.45 and a beta of 1.03. The business has a fifty day simple moving average of $33.94 and a 200-day simple moving average of $28.62. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 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 analyst estimates of $7.80 billion. On average, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DB. Bank of America initiated coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating for the company. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Kepler Capital Markets cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, September 2nd. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold".

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.