ASR Vermogensbeheer N.V. Acquires Shares of 338,598 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. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 338,598 shares of the bank's stock, valued at approximately $7,981,000.

A number of other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 68.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank's stock valued at $567,000 after purchasing an additional 9,684 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock valued at $360,000 after purchasing an additional 900 shares during the period. Oppenheimer & Co. Inc. boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 45.3% during the first quarter. Oppenheimer & Co. Inc. now owns 94,531 shares of the bank's stock valued at $2,253,000 after purchasing an additional 29,451 shares during the period. Jefferies Financial Group Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter valued at $2,308,000. Finally, Janney Montgomery Scott LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 26.0% during the first quarter. Janney Montgomery Scott LLC now owns 65,901 shares of the bank's stock valued at $1,570,000 after purchasing an additional 13,615 shares during the period. Institutional investors own 27.90% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DB. Kepler Capital Markets lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Finally, Cfra Research raised shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft currently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Up 2.9%

NYSE:DB opened at $34.75 on Thursday. Deutsche Bank Aktiengesellschaft has a 1-year low of $14.05 and a 1-year high of $34.78. The company has a 50-day moving average of $29.79 and a 200 day moving average of $25.51. The firm has a market cap of $69.22 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 0.41 and a beta of 1.02. 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 for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The business had revenue of $9.21 billion during 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, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS 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.

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