Deutsche Bank Aktiengesellschaft (NYSE:DB) Stake Lessened 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. trimmed its holdings 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 filing 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 filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in Deutsche Bank Aktiengesellschaft by 96.5% during 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 during the period. MassMutual Private Wealth & Trust FSB boosted its position in 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 purchasing an additional 424 shares during the period. Federated Hermes Inc. boosted its position in Deutsche Bank Aktiengesellschaft by 651.9% during the 1st quarter. Federated Hermes Inc. now owns 4,910 shares of the bank's stock worth $116,000 after purchasing an additional 4,257 shares during the period. GAMMA Investing LLC lifted its holdings in Deutsche Bank Aktiengesellschaft by 2,319.7% in the 1st quarter. GAMMA Investing LLC now owns 6,267 shares of the bank's stock worth $149,000 after buying an additional 6,008 shares in the last quarter. Finally, Sava Infond d.o.o. acquired a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter worth $151,000. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

DB traded down $0.44 on Friday, hitting $32.54. 3,210,819 shares of the company's stock were exchanged, compared to its average volume of 2,714,385. The firm has a market cap of $64.82 billion, a PE ratio of 12.37, a P/E/G ratio of 0.40 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a twelve month low of $13.70 and a twelve month high of $34.14. The stock has a fifty day moving average of $29.40 and a two-hundred day moving average of $25.29. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39.

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 the consensus estimate of $0.78 by ($0.24). The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. On average, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

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.