Canada Pension Plan Investment Board Sells 7,518 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• The Canada Pension Plan Investment Board reduced its holdings in Deutsche Bank Aktiengesellschaft by 0.4%, now owning approximately 2,071,206 shares valued at around $48.9 million.
• Deutsche Bank's stock recently reported a $0.54 EPS, missing estimates by $0.24, although it exceeded revenue expectations with $9.21 billion reported.
• Multiple analysts have adjusted their ratings on Deutsche Bank, with Zacks Research downgrading it from "strong-buy" to "hold" and Goldman Sachs changing its rating from "buy" to "neutral."

Canada Pension Plan Investment Board cut its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 0.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,071,206 shares of the bank's stock after selling 7,518 shares during the period. Canada Pension Plan Investment Board owned approximately 0.10% of Deutsche Bank Aktiengesellschaft worth $48,906,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 0.5% during the first quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank's stock worth $1,892,773,000 after purchasing an additional 370,319 shares during the last quarter. Deutsche Bank AG increased its stake in shares of Deutsche Bank Aktiengesellschaft by 10.0% during the 1st quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank's stock worth $1,135,808,000 after purchasing an additional 4,322,086 shares during the last quarter. GQG Partners LLC bought a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at about $470,716,000. Invesco Ltd. lifted its position in shares of Deutsche Bank Aktiengesellschaft by 0.3% during the 1st quarter. Invesco Ltd. now owns 4,165,414 shares of the bank's stock valued at $99,262,000 after acquiring an additional 14,099 shares during the period. Finally, Nuveen Asset Management LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 11.4% during the 4th quarter. Nuveen Asset Management LLC now owns 3,379,409 shares of the bank's stock worth $58,229,000 after buying an additional 345,196 shares in the last quarter. Institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Stock Up 1.3%

Shares of DB stock traded up $0.46 during trading on Thursday, reaching $35.27. The company's stock had a trading volume of 1,380,356 shares, compared to its average volume of 3,214,915. Deutsche Bank Aktiengesellschaft has a 1-year low of $15.20 and a 1-year high of $37.54. The stock's 50-day moving average price is $33.02 and its 200 day moving average price is $27.78. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. The company has a market capitalization of $70.25 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 0.43 and a beta of 1.03.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.24). The company had revenue of $9.21 billion for 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%. On average, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Wall Street Analysts Forecast Growth

DB has been the subject of a number of research reports. Bank of America started coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating for the company. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Kepler Capital Markets cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Finally, Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus rating of "Hold".

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.