Deutsche Bank Aktiengesellschaft $DB Stock Position Raised by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. increased its holdings in Deutsche Bank Aktiengesellschaft by 71.8% during the second quarter, now owning 204,550 shares valued at over $6 million.
• Recent analyst ratings show mixed reviews for Deutsche Bank, with four analysts rating it as a Buy, while others have downgraded it to Hold or Sell.
• Deutsche Bank's latest earnings report revealed a miss on EPS estimates, reporting $0.54 compared to expectations of $0.78, though revenue exceeded estimates at $9.21 billion.

Assenagon Asset Management S.A. lifted its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 71.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 204,550 shares of the bank's stock after buying an additional 85,469 shares during the period. Assenagon Asset Management S.A.'s holdings in Deutsche Bank Aktiengesellschaft were worth $6,044,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DB. Farther Finance Advisors LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 96.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock valued at $39,000 after purchasing an additional 800 shares during the period. Zions Bancorporation National Association UT acquired a new position in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at about $39,000. MassMutual Private Wealth & Trust FSB boosted its stake in Deutsche Bank Aktiengesellschaft by 21.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock valued at $57,000 after purchasing an additional 424 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 28,293.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,259 shares of the bank's stock valued at $101,000 after purchasing an additional 4,244 shares during the period. Finally, Federated Hermes Inc. boosted its stake in Deutsche Bank Aktiengesellschaft by 651.9% during the 1st quarter. Federated Hermes Inc. now owns 4,910 shares of the bank's stock valued at $116,000 after purchasing an additional 4,257 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. 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. Citigroup reaffirmed a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Bank of America initiated coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating for the company. Finally, 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. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Down 0.5%

DB stock opened at $36.25 on Wednesday. Deutsche Bank Aktiengesellschaft has a 12 month low of $16.02 and a 12 month high of $37.86. The firm has a market cap of $72.21 billion, a PE ratio of 13.78, a P/E/G ratio of 0.45 and a beta of 1.03. The firm has a 50 day simple moving average of $34.90 and a 200 day simple moving average of $29.25. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly 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). 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 analyst estimates of $7.80 billion. Equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal 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.

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