Callan Family Office LLC Has $1.68 Million Stock Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Key Points

• Callan Family Office LLC has reduced its holdings in Deutsche Bank Aktiengesellschaft by 9.0%, after selling 6,967 shares, resulting in a position valued at $1.68 million.
• During the first quarter, other institutional investors like Wealth Enhancement Advisory Services LLC and Oppenheimer & Co. Inc. made significant adjustments, boosting their positions in Deutsche Bank, with the latter increasing its holdings by 45.3%.
• Deutsche Bank's latest earnings report indicated a miss in earnings expectations, reporting $0.54 per share against a consensus estimate of $0.78, while revenue exceeded estimates at $9.21 billion.

Callan Family Office LLC cut its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 9.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,434 shares of the bank's stock after selling 6,967 shares during the quarter. Callan Family Office LLC's holdings in Deutsche Bank Aktiengesellschaft were worth $1,678,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in DB. Zions Bancorporation National Association UT bought a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $39,000. Farther Finance Advisors LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 96.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock valued at $39,000 after acquiring an additional 800 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position 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 valued at $57,000 after acquiring an additional 424 shares during the period. Federated Hermes Inc. lifted its position in shares of Deutsche Bank Aktiengesellschaft by 651.9% during the 1st quarter. Federated Hermes Inc. now owns 4,910 shares of the bank's stock valued at $116,000 after acquiring an additional 4,257 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 2,319.7% during the 1st quarter. GAMMA Investing LLC now owns 6,267 shares of the bank's stock valued at $149,000 after acquiring an additional 6,008 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Trading Down 0.6%

Deutsche Bank Aktiengesellschaft stock traded down $0.22 during trading hours on Friday, hitting $36.56. The stock had a trading volume of 2,464,482 shares, compared to its average volume of 2,871,355. Deutsche Bank Aktiengesellschaft has a one year low of $15.20 and a one year high of $36.99. 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 stock 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. The business's 50 day simple moving average is $30.97 and its 200-day simple moving average is $26.35.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. On average, equities analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DB shares. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Finally, Bank of America began coverage on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average 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.