Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Bought by Caitong International Asset Management Co. Ltd

Key Points

• Caitong International Asset Management Co. Ltd has significantly increased its stake in Deutsche Bank Aktiengesellschaft by 423.2%, owning 11,035 shares valued at $263,000 as of the latest SEC filing.
• Deutsche Bank reported $0.54 earnings per share in its latest earnings announcement, falling short of analysts' expectations of $0.78, despite achieving a revenue of $9.21 billion.
• The stock currently has a consensus rating of "Moderate Buy", with varying ratings from several analysts, including downgrades and reissues of hold or sell ratings.

Caitong International Asset Management Co. Ltd increased its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 423.2% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,035 shares of the bank's stock after buying an additional 8,926 shares during the period. Caitong International Asset Management Co. Ltd's holdings in Deutsche Bank Aktiengesellschaft were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in Deutsche Bank Aktiengesellschaft by 68.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank's stock worth $567,000 after acquiring an additional 9,684 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter valued at $2,308,000. Sequoia Financial Advisors LLC grew its holdings 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 buying an additional 900 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Deutsche Bank Aktiengesellschaft by 45.3% in 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 last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Deutsche Bank Aktiengesellschaft by 26.0% in 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 last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DB. Kepler Capital Markets downgraded shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating on the stock. Finally, Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. 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 MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB traded down $0.22 during trading on Friday, reaching $36.56. The company's stock had a trading volume of 2,464,482 shares, compared to its average volume of 2,871,355. 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 firm has a market cap of $72.83 billion, a price-to-earnings ratio of 13.90, a P/E/G ratio of 0.45 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a twelve month low of $15.20 and a twelve month high of $36.99. The business's fifty day moving average price is $30.97 and its 200-day moving average price is $26.35.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its earnings results 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 firm had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. As a group, analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

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.