ASR Vermogensbeheer N.V. Purchases New Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Key Points

• ASR Vermogensbeheer N.V. acquired a new stake in Deutsche Bank Aktiengesellschaft, purchasing 338,598 shares valued at approximately $7,981,000.
• Multiple hedge funds have increased their stakes in Deutsche Bank, with Wealth Enhancement Advisory Services LLC boosting its stake by 68.8% during the first quarter.
• Deutsche Bank's stock recently faced downgrades from ratings agencies, with analysts now providing a consensus rating of "Moderate Buy" along with mixed outlooks from various brokerages.

ASR Vermogensbeheer N.V. 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 338,598 shares of the bank's stock, valued at approximately $7,981,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of 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 purchasing an additional 370,319 shares during the period. Cary Street Partners Financial LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter worth approximately $218,000. Jefferies Financial Group Inc. purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter worth approximately $2,308,000. US Bancorp DE boosted its position in shares of Deutsche Bank Aktiengesellschaft by 10.4% during the 1st quarter. US Bancorp DE now owns 53,714 shares of the bank's stock worth $1,280,000 after purchasing an additional 5,076 shares during the period. Finally, Natixis Advisors LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 9.7% during the 1st quarter. Natixis Advisors LLC now owns 395,495 shares of the bank's stock worth $9,425,000 after purchasing an additional 35,112 shares during the period. Institutional investors and hedge funds own 27.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DB. Kepler Capital Markets cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. 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. Finally, Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Down 0.3%

Shares of Deutsche Bank Aktiengesellschaft stock traded down $0.13 during trading on Monday, hitting $36.13. 774,055 shares of the stock were exchanged, compared to its average volume of 3,294,232. The stock has a market cap of $71.98 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 0.44 and a beta of 1.02. The firm's 50-day moving average price is $30.11 and its 200 day moving average price is $25.82. Deutsche Bank Aktiengesellschaft has a 12-month low of $14.42 and a 12-month high of $36.31. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.24). The firm had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. As a group, analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

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.