Appaloosa LP Invests $89.36 Million in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Appaloosa LP acquired a new stake in Deutsche Bank Aktiengesellschaft, purchasing 3,750,000 shares worth approximately $89.36 million, making it the fund's 17th largest holding.
• Several hedge funds increased their positions in Deutsche Bank, with notable increases such as Kayne Anderson Rudnick Investment Management LLC growing its position by 28,293.3%.
• Deutsche Bank reported earnings per share (EPS) of $0.54 for the last quarter, missing expectations of $0.78, despite having revenue of $9.21 billion that exceeded projections.

Appaloosa LP bought a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,750,000 shares of the bank's stock, valued at approximately $89,362,000. Deutsche Bank Aktiengesellschaft comprises 1.1% of Appaloosa LP's investment portfolio, making the stock its 17th largest position. Appaloosa LP owned approximately 0.19% of Deutsche Bank Aktiengesellschaft as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in DB. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 68.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank's stock worth $567,000 after buying an additional 9,684 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $2,308,000. LPL Financial LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 139.4% in the 1st quarter. LPL Financial LLC now owns 70,463 shares of the bank's stock worth $1,679,000 after acquiring an additional 41,028 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock valued at $360,000 after acquiring an additional 900 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Deutsche Bank Aktiengesellschaft by 3.7% in the first quarter. American Century Companies Inc. now owns 930,135 shares of the bank's stock worth $22,165,000 after acquiring an additional 33,027 shares during the last quarter. Institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock traded down $0.01 on Monday, reaching $35.20. The stock had a trading volume of 1,560,436 shares, compared to its average volume of 3,207,372. The firm has a market capitalization of $70.11 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 0.43 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a 12 month low of $15.20 and a 12 month high of $37.54. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. The firm's 50-day moving average is $33.22 and its two-hundred day moving average is $28.09.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $7.80 billion. On average, research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have issued reports on DB. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Morgan Stanley restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, September 2nd. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Finally, Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

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.