DekaBank Deutsche Girozentrale Has $600.82 Million Holdings in Deutsche Bank Aktiengesellschaft $DB

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Deutsche Bank by 5.4% in the first quarter, adding 957,307 shares to bring its total holdings to 18,743,906 shares valued at about $600.8 million.
• Other institutional investors also added to or initiated positions in Deutsche Bank, and 27.90% of the stock is now held by institutions overall.
• Analysts currently have a mixed view on the stock: Deutsche Bank has a Hold consensus rating with a $43.00 average price target, while the shares recently traded around $35.23 after the bank beat quarterly earnings and revenue estimates.

DekaBank Deutsche Girozentrale increased its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,743,906 shares of the bank's stock after purchasing an additional 957,307 shares during the period. Deutsche Bank Aktiengesellschaft comprises about 1.0% of DekaBank Deutsche Girozentrale's investment portfolio, making the stock its 17th largest position. DekaBank Deutsche Girozentrale owned about 0.97% of Deutsche Bank Aktiengesellschaft worth $600,821,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank's stock valued at $3,005,000 after buying an additional 17,262 shares during the period. Focus Partners Wealth bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter worth about $795,000. Sivia Capital Partners LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth about $413,000. Rhumbline Advisers boosted its position in shares of Deutsche Bank Aktiengesellschaft by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 27,750 shares of the bank's stock valued at $813,000 after acquiring an additional 1,187 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in Deutsche Bank Aktiengesellschaft by 24.1% in the second quarter. First Trust Advisors LP now owns 528,327 shares of the bank's stock valued at $15,620,000 after acquiring an additional 102,754 shares during the period. 27.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DB. Bank of America set a $43.00 price target on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, July 7th. Oddo Bhf upgraded Deutsche Bank Aktiengesellschaft to an "outperform" rating in a research note on Friday, May 8th. Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Thursday, July 9th. Morgan Stanley restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 2nd. Finally, Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, June 6th. Four analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Trading Up 0.1%

Shares of Deutsche Bank Aktiengesellschaft stock opened at $35.23 on Monday. Deutsche Bank Aktiengesellschaft has a 12-month low of $28.12 and a 12-month high of $40.43. The stock has a market capitalization of $68.34 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 0.48 and a beta of 0.94. The company has a 50-day simple moving average of $33.65 and a 200 day simple moving average of $34.15. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.40.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings results on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.09. The firm had revenue of $10.04 billion for the quarter, compared to analyst estimates of $9.85 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. Research analysts expect that Deutsche Bank Aktiengesellschaft will post 3.91 earnings per share for the current fiscal year.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank's core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.

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