Deutsche Bank AG Purchases 4,322,086 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Key Points

• Deutsche Bank AG increased its stake in Deutsche Bank Aktiengesellschaft by 10.0%, acquiring an additional 4,322,086 shares during the first quarter, bringing its total ownership to approximately 2.39% of the company, valued at over $1.1 billion.
• Multiple institutional investors, including Farther Finance Advisors LLC and Federated Hermes Inc., have also significantly increased their holdings in Deutsche Bank Aktiengesellschaft, reflecting growing confidence in the stock.
• Despite reporting EPS of $0.54 for the last quarter, which fell short of expectations, the company's revenue reached $9.21 billion, surpassing analyst predictions of $7.80 billion.

Deutsche Bank AG increased its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 10.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,662,928 shares of the bank's stock after acquiring an additional 4,322,086 shares during the period. Deutsche Bank AG owned approximately 2.39% of Deutsche Bank Aktiengesellschaft worth $1,135,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DB. LPL Financial LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 21.6% in the 4th quarter. LPL Financial LLC now owns 29,435 shares of the bank's stock valued at $502,000 after purchasing an additional 5,237 shares in the last quarter. National Bank of Canada FI increased its stake in shares of Deutsche Bank Aktiengesellschaft by 9.3% in the 4th quarter. National Bank of Canada FI now owns 23,152 shares of the bank's stock worth $399,000 after acquiring an additional 1,965 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Deutsche Bank Aktiengesellschaft by 13.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 260,644 shares of the bank's stock valued at $4,444,000 after purchasing an additional 30,859 shares during the last quarter. Cerity Partners LLC grew its position in Deutsche Bank Aktiengesellschaft by 9.0% during the 4th quarter. Cerity Partners LLC now owns 107,220 shares of the bank's stock valued at $1,833,000 after purchasing an additional 8,839 shares during the last quarter. Finally, Invesco Ltd. grew its position in Deutsche Bank Aktiengesellschaft by 2.7% during the 4th quarter. Invesco Ltd. now owns 4,151,315 shares of the bank's stock valued at $70,780,000 after purchasing an additional 110,295 shares during the last quarter. Institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB stock traded up $0.64 during mid-day trading on Friday, hitting $36.26. The company had a trading volume of 2,773,020 shares, compared to its average volume of 2,786,628. Deutsche Bank Aktiengesellschaft has a 52-week low of $14.31 and a 52-week high of $36.31. The stock's 50 day moving average price is $30.11 and its 200-day moving average price is $25.74. 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 company has a market capitalization of $72.23 billion, a P/E ratio of 13.79, a P/E/G ratio of 0.44 and a beta of 1.02.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings results 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). 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 during the quarter, compared to the consensus estimate of $7.80 billion. Equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DB shares. Cfra Research raised shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Kepler Capital Markets downgraded shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating on the stock. Finally, Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft has an average rating of "Moderate Buy".

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.