Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Holdings Trimmed by Banco Santander S.A.

Key Points

• Banco Santander S.A. reduced its holdings in Deutsche Bank Aktiengesellschaft by 9.2% in Q1, owning 732,388 shares valued at approximately $17.45 million after selling 74,017 shares during the period.
• Multiple institutional investors significantly increased their positions in Deutsche Bank, including GAMMA Investing LLC, which raised its holdings by 2,319.7%.
• Deutsche Bank reported earnings per share of $0.54 for the last quarter, falling short of the consensus estimate of $0.78, despite surpassing revenue expectations with $9.21 billion.

Banco Santander S.A. reduced its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 9.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 732,388 shares of the bank's stock after selling 74,017 shares during the period. Banco Santander S.A.'s holdings in Deutsche Bank Aktiengesellschaft were worth $17,453,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DB. Farther Finance Advisors LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 96.5% in 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 in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 21.3% during 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. Federated Hermes Inc. grew its holdings in Deutsche Bank Aktiengesellschaft by 651.9% during the first quarter. Federated Hermes Inc. now owns 4,910 shares of the bank's stock valued at $116,000 after purchasing an additional 4,257 shares during the period. GAMMA Investing LLC raised its stake in Deutsche Bank Aktiengesellschaft by 2,319.7% during the 1st quarter. GAMMA Investing LLC now owns 6,267 shares of the bank's stock worth $149,000 after acquiring an additional 6,008 shares during the period. Finally, Sava Infond d.o.o. purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at about $151,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Up 2.9%

NYSE DB traded up $0.97 during trading hours on Wednesday, hitting $34.75. 2,707,959 shares of the company were exchanged, compared to its average volume of 3,312,066. Deutsche Bank Aktiengesellschaft has a 52-week low of $14.05 and a 52-week high of $34.78. The company has a 50 day moving average of $29.64 and a two-hundred day moving average of $25.45. 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 has a market cap of $69.22 billion, a price-to-earnings ratio of 13.21, a PEG ratio of 0.41 and a beta of 1.02.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings results 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). 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. Equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. 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 Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Bank of America initiated coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating for the company. Finally, Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

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.