Deutsche Bank Aktiengesellschaft $DB Shares Sold by Amundi

Key Points

• Amundi has reduced its stake in Deutsche Bank Aktiengesellschaft by 10.0%, selling approximately 3.9 million shares and now holding 35.3 million shares valued at about $806.8 million.
• Other institutional investors have increased their positions, with notable increases from Northern Trust Corp (up 51.1%) and Janus Henderson Group PLC (up 91.4%) in the fourth quarter.
• Deutsche Bank reported $0.54 earnings per share for the last quarter, missing the consensus estimate, while its revenue of $9.21 billion exceeded expectations.

Amundi cut its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 10.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,261,508 shares of the bank's stock after selling 3,914,817 shares during the quarter. Amundi owned about 1.77% of Deutsche Bank Aktiengesellschaft worth $806,783,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. MassMutual Private Wealth & Trust FSB increased its stake in shares of 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 worth $57,000 after acquiring an additional 424 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.2% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank's stock worth $522,000 after purchasing an additional 477 shares during the period. Ballentine Partners LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.1% during the 1st quarter. Ballentine Partners LLC now owns 17,356 shares of the bank's stock worth $414,000 after purchasing an additional 680 shares during the period. Cetera Investment Advisers grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.9% during the 4th quarter. Cetera Investment Advisers now owns 19,438 shares of the bank's stock worth $331,000 after purchasing an additional 738 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 96.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock worth $39,000 after purchasing an additional 800 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DB shares. Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating for the company. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Kepler Capital Markets cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Morgan Stanley reiterated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday. Finally, Zacks Research cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Down 0.3%

Shares of NYSE:DB traded down $0.10 during trading on Friday, hitting $35.23. The company's stock had a trading volume of 3,153,594 shares, compared to its average volume of 2,330,134. The business has a 50 day moving average price of $33.22 and a two-hundred day moving average price of $27.98. The company has a market capitalization of $70.17 billion, a PE ratio of 13.39, a P/E/G ratio of 0.43 and a beta of 1.03. 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 has a fifty-two week low of $15.20 and a fifty-two week high of $37.54.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $7.80 billion. As a group, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft 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.