Deutsche Bank Aktiengesellschaft $DB Shares Sold by Baader Bank Aktiengesellschaft

Key Points

• Baader Bank Aktiengesellschaft has reduced its stake in Deutsche Bank Aktiengesellschaft (DB) by 13.5%, resulting in ownership of 412,329 shares valued at approximately $12 million.
• Several institutional investors, including MassMutual Private Wealth and Thurston Springer Miller Herd & Titak Inc., have recently adjusted their positions in Deutsche Bank, reflecting a modified outlook on the stock.
• Research analysts have downgraded Deutsche Bank's stock ratings, with a consensus of "Hold", amid mixed performance metrics and earnings that missed expectations in the most recent quarter.

Baader Bank Aktiengesellschaft decreased its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 13.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 412,329 shares of the bank's stock after selling 64,261 shares during the quarter. Deutsche Bank Aktiengesellschaft comprises about 0.9% of Baader Bank Aktiengesellschaft's investment portfolio, making the stock its 18th biggest position. Baader Bank Aktiengesellschaft's holdings in Deutsche Bank Aktiengesellschaft were worth $12,056,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Sivia Capital Partners LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth $413,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 30.9% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 3,158 shares of the bank's stock worth $92,000 after purchasing an additional 746 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 6.5% during the second quarter. Parallel Advisors LLC now owns 11,286 shares of the bank's stock worth $330,000 after purchasing an additional 692 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 1,503.0% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 7,486 shares of the bank's stock worth $219,000 after buying an additional 7,019 shares during the period. Finally, Focus Partners Wealth purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter worth $795,000. Institutional investors and hedge funds own 27.90% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DB shares. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Morgan Stanley reaffirmed an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Finally, Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Four equities research 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, the company presently has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Up 0.9%

Shares of NYSE DB traded up $0.34 during midday trading on Friday, reaching $36.28. 5,106,327 shares of the company's stock were exchanged, compared to its average volume of 2,365,351. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.02 and a 52-week high of $37.86. The stock has a market capitalization of $72.27 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 0.44 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. The business's fifty day moving average price is $34.63 and its two-hundred day moving average price is $29.08.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share (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 analysts' expectations of $7.80 billion. Analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS 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.