Charles Schwab Investment Management Inc. Purchases 26,625 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• Charles Schwab Investment Management Inc. has increased its holdings in Deutsche Bank Aktiengesellschaft by 16.3%, acquiring an additional 26,625 shares during the first quarter, bringing its total stake to 189,859 shares.
• Deutsche Bank Aktiengesellschaft's stock has a market capitalization of $70.45 billion, with a recent trading value of $35.37, marking a 0.9% increase.
• Analysts have downgraded Deutsche Bank from a "buy" to a "hold" rating, reflecting a shift in market sentiment, with a consensus rating of "Hold" from various rating agencies.

Charles Schwab Investment Management Inc. lifted its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 16.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 189,859 shares of the bank's stock after purchasing an additional 26,625 shares during the quarter. Charles Schwab Investment Management Inc.'s holdings in Deutsche Bank Aktiengesellschaft were worth $4,524,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Farther Finance Advisors LLC raised its stake 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 purchasing an additional 800 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake 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 purchasing an additional 424 shares during the period. Federated Hermes Inc. raised its stake 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 purchasing an additional 4,257 shares during the period. GAMMA Investing LLC raised its stake 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 purchasing an additional 6,008 shares during the period. Finally, Sava Infond d.o.o. bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter valued at $151,000. 27.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on DB shares. Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating on the stock. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. The Goldman Sachs Group lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research note on Tuesday, August 26th. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Finally, Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Four analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Down 0.5%

NYSE:DB traded down $0.19 during trading hours on Monday, reaching $35.17. 1,827,637 shares of the company traded hands, compared to its average volume of 2,570,104. The business's 50-day moving average price is $32.65 and its two-hundred day moving average price is $27.58. The stock has a market capitalization of $70.05 billion, a P/E ratio of 13.37, a P/E/G ratio of 0.43 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a 1 year low of $15.20 and a 1 year high of $37.54. 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 announced 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 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%. Analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current 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.