Compagnie Lombard Odier SCmA Buys 76,487 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• Compagnie Lombard Odier SCmA increased its stake in Deutsche Bank by 14.3%, acquiring an additional 76,487 shares to reach a total of 611,636 shares, valued at approximately $18 million.
• Deutsche Bank reported Q2 earnings of $0.54 per share, missing analysts' expectations of $0.78, but exceeding revenue expectations with $9.21 billion for the quarter.
• Institutional investors collectively own 27.90% of Deutsche Bank's stock, with several hedge funds recently increasing their stakes during the same period.

Compagnie Lombard Odier SCmA increased its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 14.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 611,636 shares of the bank's stock after purchasing an additional 76,487 shares during the period. Compagnie Lombard Odier SCmA's holdings in Deutsche Bank Aktiengesellschaft were worth $18,070,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DB. Opal Wealth Advisors LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter worth approximately $25,000. AdvisorNet Financial Inc purchased a new stake in Deutsche Bank Aktiengesellschaft during the second quarter valued at $90,000. Westend Capital Management LLC bought a new position in Deutsche Bank Aktiengesellschaft in the second quarter valued at about $10,271,000. Park Avenue Securities LLC boosted its position in Deutsche Bank Aktiengesellschaft by 101.5% in the second quarter. Park Avenue Securities LLC now owns 45,446 shares of the bank's stock worth $1,331,000 after purchasing an additional 22,888 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 46.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,387 shares of the bank's stock worth $70,000 after purchasing an additional 758 shares during the period. Institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Stock Performance

Deutsche Bank Aktiengesellschaft stock opened at $36.47 on Tuesday. Deutsche Bank Aktiengesellschaft has a 1-year low of $16.02 and a 1-year high of $37.86. The company's 50-day moving average is $34.76 and its 200 day moving average is $29.20. The firm has a market capitalization of $72.65 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.44 and a beta of 1.03. 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 (NYSE:DB - Get Free Report) last posted 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 business 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%. Research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on DB. The Goldman Sachs Group downgraded shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 26th. Zacks Research cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating on the stock. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, September 2nd. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock 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.

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