Deutsche Bank AG Grows Stock Position in 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 grew its position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 10.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 47,662,928 shares of the bank's stock after buying an additional 4,322,086 shares during the period. Deutsche Bank AG owned 2.39% of Deutsche Bank Aktiengesellschaft worth $1,135,808,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of DB. Farther Finance Advisors LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 96.5% during 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 period. MassMutual Private Wealth & Trust FSB grew its stake in Deutsche Bank Aktiengesellschaft by 21.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock valued at $57,000 after acquiring an additional 424 shares during the period. Federated Hermes Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 651.9% in the 1st quarter. Federated Hermes Inc. now owns 4,910 shares of the bank's stock valued at $116,000 after acquiring an additional 4,257 shares during the period. GAMMA Investing LLC grew its stake in Deutsche Bank Aktiengesellschaft by 2,319.7% in the 1st quarter. GAMMA Investing LLC now owns 6,267 shares of the bank's stock valued at $149,000 after acquiring an additional 6,008 shares during the period. Finally, Sava Infond d.o.o. acquired a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $151,000. 27.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating on the stock. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Finally, Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Trading Down 0.3%

NYSE DB traded down $0.12 during trading on Monday, hitting $36.14. The stock had a trading volume of 936,623 shares, compared to its average volume of 3,295,334. The company has a market capitalization of $71.99 billion, a PE ratio of 13.74, a PEG ratio of 0.44 and a beta of 1.02. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. The firm has a 50 day moving average price of $30.11 and a 200 day moving average price of $25.82. Deutsche Bank Aktiengesellschaft has a twelve month low of $14.42 and a twelve month high of $36.31.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its 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). The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. As a group, equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

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.