Deutsche Bank Aktiengesellschaft $DB Shares Sold by Plato Investment Management Ltd

Key Points

• Plato Investment Management Ltd dramatically reduced its stake in Deutsche Bank by 89.9%, selling 344,747 shares and leaving them with 38,770 shares worth $934,000.
• Deutsche Bank reported $0.54 earnings per share (EPS) for the last quarter, missing analysts' expectations of $0.78 EPS, even though its revenue exceeded estimates at $9.21 billion.
• Recent rating changes for Deutsche Bank include downgrades from Kepler Capital Markets and Wall Street Zen, while Morgan Stanley maintained an "overweight" rating, indicating a consensus rating of "Hold" among analysts.

Plato Investment Management Ltd lessened its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 89.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 38,770 shares of the bank's stock after selling 344,747 shares during the quarter. Plato Investment Management Ltd's holdings in Deutsche Bank Aktiengesellschaft were worth $934,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 68.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank's stock worth $567,000 after buying an additional 9,684 shares during the period. Jefferies Financial Group Inc. purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter worth $2,308,000. LPL Financial LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 139.4% in the 1st quarter. LPL Financial LLC now owns 70,463 shares of the bank's stock worth $1,679,000 after buying an additional 41,028 shares during the period. Sequoia Financial Advisors LLC grew its stake in Deutsche Bank Aktiengesellschaft by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock worth $360,000 after buying an additional 900 shares during the period. Finally, Korea Investment CORP grew its stake in Deutsche Bank Aktiengesellschaft by 27.9% during the first quarter. Korea Investment CORP now owns 2,106,195 shares of the bank's stock worth $49,643,000 after buying an additional 459,049 shares during the period. Hedge funds and other institutional investors own 27.90% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DB shares. Kepler Capital Markets downgraded shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Up 0.8%

Shares of NYSE DB traded up $0.30 during midday trading on Monday, reaching $37.46. 2,022,542 shares of the company's stock were exchanged, compared to its average volume of 3,182,458. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.02 and a 52-week high of $37.86. The stock has a market capitalization of $74.62 billion, a PE ratio of 14.24, a price-to-earnings-growth ratio of 0.45 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 business's fifty day moving average price is $33.94 and its two-hundred day moving average price is $28.62.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The business had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. Analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

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.