Deutsche Bank Aktiengesellschaft $DB Shares Sold by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH has reduced its stake in Deutsche Bank by 17.7%, selling 322,450 shares and owning about 0.08% of the company worth $44.4 million.
• Deutsche Bank reported an EPS of $0.54 for the last quarter, missing the consensus estimate of $0.78, but had revenues of $9.21 billion, exceeding expectations of $7.80 billion.
• Recent analyst ratings show a shift for Deutsche Bank, with Wall Street Zen and others downgrading the stock from "buy" to "hold", while Morgan Stanley maintains an "overweight" rating.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 17.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,503,105 shares of the bank's stock after selling 322,450 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH owned approximately 0.08% of Deutsche Bank Aktiengesellschaft worth $44,410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in shares of Deutsche Bank Aktiengesellschaft by 3.9% during the 4th quarter. Cetera Investment Advisers now owns 19,438 shares of the bank's stock valued at $331,000 after acquiring an additional 738 shares during the period. Vise Technologies Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter valued at about $176,000. Mackenzie Financial Corp grew its position in shares of Deutsche Bank Aktiengesellschaft by 64.1% during the 4th quarter. Mackenzie Financial Corp now owns 609,613 shares of the bank's stock valued at $10,394,000 after acquiring an additional 238,122 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter valued at about $11,054,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Deutsche Bank Aktiengesellschaft in the 4th quarter worth about $240,000. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Stock Down 0.9%

DB stock opened at $35.96 on Thursday. The firm has a market cap of $71.62 billion, a PE ratio of 13.67, a PEG ratio of 0.44 and a beta of 1.03. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. The firm's 50 day moving average price is $35.01 and its 200-day moving average price is $29.30. Deutsche Bank Aktiengesellschaft has a one year low of $16.02 and a one year high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. The firm had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $7.80 billion. On average, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Analyst Ratings Changes

DB has been the topic of several research analyst reports. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. The Goldman Sachs Group cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. Morgan Stanley reissued an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, September 2nd. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, Kepler Capital Markets lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Company 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.

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