Commerzbank Aktiengesellschaft FI Sells 1,130,302 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• Commerzbank Aktiengesellschaft FI reduced its holdings in Deutsche Bank Aktiengesellschaft by 70.9%, selling 1,130,302 shares and retaining 463,744 shares worth approximately $13,578,000.
• Deutsche Bank reported a quarterly earnings per share (EPS) of $0.54, missing the consensus estimate of $0.78, but had a revenue of $9.21 billion which surpassed analyst expectations of $7.80 billion.
• Equities analysts have recently downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" to a "hold" rating, with the current average rating being "Hold" according to MarketBeat.

Commerzbank Aktiengesellschaft FI trimmed its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 70.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 463,744 shares of the bank's stock after selling 1,130,302 shares during the period. Commerzbank Aktiengesellschaft FI's holdings in Deutsche Bank Aktiengesellschaft were worth $13,578,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DB. Opal Wealth Advisors LLC bought a new position in Deutsche Bank Aktiengesellschaft in the second quarter worth $25,000. Farther Finance Advisors LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 96.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock worth $39,000 after purchasing an additional 800 shares during the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter worth about $39,000. Founders Capital Management bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 2nd quarter worth about $73,000. Finally, AdvisorNet Financial Inc acquired a new position in Deutsche Bank Aktiengesellschaft in the second quarter valued at about $90,000. Institutional investors and hedge funds own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE:DB opened at $35.25 on Friday. Deutsche Bank Aktiengesellschaft has a 1-year low of $16.02 and a 1-year high of $37.86. The business has a 50-day moving average price of $35.75 and a two-hundred day moving average price of $30.16. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $70.22 billion, a P/E ratio of 13.40, a P/E/G ratio of 0.43 and a beta of 0.98.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing the consensus estimate 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 business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $7.80 billion. Equities analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on DB shares. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Morgan Stanley reaffirmed an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, September 2nd. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Finally, 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. Five analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft currently has an average rating of "Hold".

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.

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