Causeway Capital Management LLC Purchases Shares of 1,513,500 Deutsche Bank Aktiengesellschaft $DB

Key Points

• Causeway Capital Management LLC invested approximately $36.07 million in Deutsche Bank Aktiengesellschaft by purchasing 1,513,500 shares, marking a new stake for the firm.
• Deutsche Bank recently reported earnings of $0.54 per share, falling short of analyst expectations of $0.78, while revenue exceeded expectations at $9.21 billion.
• A range of large investors have adjusted their holdings in Deutsche Bank, with institutional investors owning about 27.90% of the stock.

Causeway Capital Management LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,513,500 shares of the bank's stock, valued at approximately $36,066,000. Causeway Capital Management LLC owned 0.08% of Deutsche Bank Aktiengesellschaft as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in 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 acquiring an additional 370,319 shares during the period. Deutsche Bank AG increased its stake in Deutsche Bank Aktiengesellschaft by 10.0% in 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 in the last quarter. GQG Partners LLC purchased a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter worth about $470,716,000. Invesco Ltd. increased its stake in Deutsche Bank Aktiengesellschaft by 0.3% in the 1st quarter. Invesco Ltd. now owns 4,165,414 shares of the bank's stock worth $99,262,000 after purchasing an additional 14,099 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its stake in Deutsche Bank Aktiengesellschaft by 11.4% in the 4th quarter. Nuveen Asset Management LLC now owns 3,379,409 shares of the bank's stock worth $58,229,000 after purchasing an additional 345,196 shares in the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on DB. Kepler Capital Markets cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Bank of America began coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating for the company. The Goldman Sachs Group lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Finally, Zacks Research lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB traded down $0.19 on Friday, reaching $35.17. 1,827,637 shares of the stock traded hands, compared to its average volume of 2,639,261. The firm has a market cap of $70.05 billion, a price-to-earnings ratio of 13.37, a P/E/G ratio of 0.43 and a beta of 1.02. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. Deutsche Bank Aktiengesellschaft has a 12 month low of $15.20 and a 12 month high of $37.54. The stock's 50-day moving average price is $32.65 and its 200-day moving average price is $27.53.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. Equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

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.