American Century Companies Inc. Buys 33,027 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• American Century Companies Inc. increased its holdings in Deutsche Bank Aktiengesellschaft by 3.7%, acquiring an additional 33,027 shares and bringing its total ownership to approximately $22.17 million.
• Deutsche Bank recently reported quarterly earnings of $0.54 per share, falling short of analyst expectations by $0.24, although it achieved revenues of $9.21 billion, exceeding estimates.
• Analysts' ratings for Deutsche Bank stock vary, with one strong buy, four buy, two hold, and one sell ratings, leading to a consensus rating of "Moderate Buy."

American Century Companies Inc. grew its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 930,135 shares of the bank's stock after purchasing an additional 33,027 shares during the period. American Century Companies Inc.'s holdings in Deutsche Bank Aktiengesellschaft were worth $22,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of DB. Vanguard Group Inc. grew its position in Deutsche Bank Aktiengesellschaft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank's stock worth $1,892,773,000 after acquiring an additional 370,319 shares during the last quarter. Deutsche Bank AG grew its position in Deutsche Bank Aktiengesellschaft by 10.0% during the 1st quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank's stock worth $1,135,808,000 after acquiring an additional 4,322,086 shares during the last quarter. GQG Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter worth approximately $470,716,000. Invesco Ltd. grew its position in Deutsche Bank Aktiengesellschaft by 0.3% during the 1st quarter. Invesco Ltd. now owns 4,165,414 shares of the bank's stock worth $99,262,000 after acquiring an additional 14,099 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 11.4% during the 4th quarter. Nuveen Asset Management LLC now owns 3,379,409 shares of the bank's stock worth $58,229,000 after acquiring an additional 345,196 shares during the last quarter. Institutional investors own 27.90% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on DB shares. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Bank of America began coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a "buy" rating on the stock. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. 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, Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Trading Up 1.3%

DB opened at $37.1510 on Friday. 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 company has a market cap of $74.01 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 0.45 and a beta of 1.02. The firm has a 50 day simple moving average of $31.84 and a 200 day simple moving average of $26.96. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $15.20 and a fifty-two week high of $37.36.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted 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). The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. On average, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share 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.

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.