Deutsche Bank Aktiengesellschaft $DB Shares Sold by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Deutsche Bank by 2.0%, holding 816,459 shares worth approximately $19.29 million as of its latest SEC filing.
• Deutsche Bank's stock is currently trading around $34.73, with a market capitalization of $69.17 billion and a PE ratio of 13.20.
• Analysts have mixed ratings for Deutsche Bank, with four issuing a Buy rating, four suggesting a Hold rating, and one advising a Sell.

The Manufacturers Life Insurance Company cut its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 816,459 shares of the bank's stock after selling 17,051 shares during the period. The Manufacturers Life Insurance Company's holdings in Deutsche Bank Aktiengesellschaft were worth $19,290,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of DB. GQG Partners LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the first quarter worth approximately $470,716,000. Deutsche Bank AG grew its position in Deutsche Bank Aktiengesellschaft by 10.0% in the 1st quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank's stock valued at $1,135,808,000 after buying an additional 4,322,086 shares during the last quarter. Causeway Capital Management LLC purchased a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $36,066,000. Wellington Management Group LLP grew its position in Deutsche Bank Aktiengesellschaft by 301.7% in the 1st quarter. Wellington Management Group LLP now owns 1,995,258 shares of the bank's stock valued at $47,028,000 after buying an additional 1,498,577 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Deutsche Bank Aktiengesellschaft by 91.4% in the 4th quarter. Janus Henderson Group PLC now owns 2,033,793 shares of the bank's stock valued at $35,087,000 after buying an additional 971,402 shares during the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Down 0.3%

NYSE DB traded down $0.10 during trading hours on Friday, reaching $35.23. 3,153,594 shares of the company traded hands, compared to its average volume of 2,330,134. Deutsche Bank Aktiengesellschaft has a 12 month low of $15.20 and a 12 month high of $37.54. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $70.17 billion, a PE ratio of 13.39, a PEG ratio of 0.43 and a beta of 1.03. The company has a 50 day moving average of $33.22 and a two-hundred day moving average of $28.04.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. As a group, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on DB. Kepler Capital Markets lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. 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 reiterated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday. Finally, Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has an average rating of "Hold".

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.