DekaBank Deutsche Girozentrale Has $530.50 Million Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Key Points

• DekaBank Deutsche Girozentrale increased its holdings in Deutsche Bank Aktiengesellschaft by 14.0%, bringing its total to 18,047,605 shares valued at approximately $530.5 million.
• Analysts have recently varied in their ratings for Deutsche Bank, with Barclays upgrading it to a "strong-buy" while Kepler Capital Markets and Goldman Sachs downgraded their ratings to "hold" and "neutral", respectively.
• Deutsche Bank Aktiengesellschaft reported earnings of $0.54 per share for the last quarter, missing the consensus estimate of $0.78, although its revenue surpassed expectations at $9.21 billion.

DekaBank Deutsche Girozentrale grew its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 14.0% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 18,047,605 shares of the bank's stock after buying an additional 2,219,444 shares during the quarter. Deutsche Bank Aktiengesellschaft makes up 0.9% of DekaBank Deutsche Girozentrale's portfolio, making the stock its 16th largest position. DekaBank Deutsche Girozentrale owned 0.91% of Deutsche Bank Aktiengesellschaft worth $530,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in Deutsche Bank Aktiengesellschaft in the second quarter worth about $25,000. Zions Bancorporation National Association UT acquired a new stake in Deutsche Bank Aktiengesellschaft in the first quarter worth about $39,000. Farther Finance Advisors LLC increased its position in Deutsche Bank Aktiengesellschaft by 96.5% in the first 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 period. Founders Capital Management acquired a new stake in Deutsche Bank Aktiengesellschaft in the second quarter worth about $73,000. Finally, AdvisorNet Financial Inc acquired a new stake in Deutsche Bank Aktiengesellschaft in the second quarter worth about $90,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. The Goldman Sachs Group lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 26th. Barclays upgraded Deutsche Bank Aktiengesellschaft to a "strong-buy" rating in a research report on Friday, October 10th. Morgan Stanley restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Finally, Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Trading Down 4.3%

NYSE:DB opened at $33.59 on Monday. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.02 and a fifty-two week high of $37.86. 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 stock has a market capitalization of $66.90 billion, a PE ratio of 12.77, a price-to-earnings-growth ratio of 1.03 and a beta of 0.98. The business's 50-day simple moving average is $35.80 and its 200-day simple moving average is $30.69.

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 for the quarter, missing the consensus estimate of $0.78 by ($0.24). The business 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%. Sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

About Deutsche Bank Aktiengesellschaft

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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