Deutsche Bank Aktiengesellschaft $DB Shares Newly Purchased by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd acquired 6.14 million Deutsche Bank shares in the third quarter, valued at approximately $222.4 million and representing a 0.32% stake. Institutional investors collectively own 27.9% of the bank.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $43.00; 10 analysts rate the stock Buy, five Hold, and one Sell.
• Deutsche Bank shares recently traded at $32.71, down 0.3%, while the bank’s latest quarterly earnings missed expectations at $0.66 per share versus the $0.91 consensus, despite revenue exceeding estimates.

Ninety One UK Ltd acquired a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,143,638 shares of the bank's stock, valued at approximately $222,362,000. Ninety One UK Ltd owned 0.32% of Deutsche Bank Aktiengesellschaft as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ninety One SA Pty Ltd purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth approximately $250,000. Ninety One North America Inc. bought a new position in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at approximately $3,755,000. Mather Group LLC. raised its stake in Deutsche Bank Aktiengesellschaft by 23,817.6% during the third quarter. Mather Group LLC. now owns 4,066 shares of the bank's stock valued at $146,000 after buying an additional 4,049 shares during the last quarter. GAMMA Investing LLC purchased a new position in Deutsche Bank Aktiengesellschaft during the third quarter valued at $29,000. Finally, Farther Finance Advisors LLC purchased a new position in Deutsche Bank Aktiengesellschaft during the third quarter valued at $462,000. Hedge funds and other institutional investors own 27.90% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Citigroup reissued a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 20th. Bank of America set a $43.00 price target on Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Jefferies Financial Group reaffirmed a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, July 29th. UBS Group reiterated a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Finally, DZ Bank reiterated a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, July 29th. Ten research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Stock Down 0.3%

Shares of NYSE:DB traded down $0.09 during trading on Thursday, reaching $32.71. 1,490,343 shares of the stock traded hands, compared to its average volume of 2,744,555. The stock has a 50-day moving average of $37.77 and a two-hundred day moving average of $34.87. Deutsche Bank Aktiengesellschaft has a 52-week low of $28.12 and a 52-week high of $41.62. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $63.45 billion, a P/E ratio of 8.71, a price-to-earnings-growth ratio of 0.47 and a beta of 1.00.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. The firm had revenue of $9.68 billion for the quarter, compared to the consensus estimate of $9.30 billion. As a group, sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 3.85 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.

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