Vestmark Advisory Solutions Inc. Raises Holdings in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Deutsche Bank by 155.8% in the first quarter, owning a total of 88,472 shares valued at $2,108,000.
• Other institutional investors, including Capital International Investors and Vanguard Group Inc., also boosted their holdings in Deutsche Bank during the same period.
• Deutsche Bank reported earnings per share of $0.54 for its recent quarter, missing estimates by $0.24, while revenue was $9.21 billion, surpassing expectations of $7.80 billion.

Vestmark Advisory Solutions Inc. raised its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 155.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 88,472 shares of the bank's stock after purchasing an additional 53,888 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Deutsche Bank Aktiengesellschaft were worth $2,108,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC raised its stake in Deutsche Bank Aktiengesellschaft by 96.5% in the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock worth $39,000 after buying an additional 800 shares in the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $39,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Deutsche Bank Aktiengesellschaft by 21.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock worth $57,000 after acquiring an additional 424 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 651.9% in the 1st quarter. Federated Hermes Inc. now owns 4,910 shares of the bank's stock worth $116,000 after acquiring an additional 4,257 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 2,319.7% during the 1st quarter. GAMMA Investing LLC now owns 6,267 shares of the bank's stock worth $149,000 after purchasing an additional 6,008 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. 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. Bank of America initiated coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating on the stock. Finally, Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB traded up $0.1150 during trading hours on Wednesday, reaching $36.4750. The stock had a trading volume of 2,108,695 shares, compared to its average volume of 3,260,707. Deutsche Bank Aktiengesellschaft has a 52-week low of $15.20 and a 52-week high of $36.99. The stock has a fifty day moving average of $31.31 and a 200 day moving average of $26.58. 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 stock has a market cap of $72.66 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 0.45 and a beta of 1.02.

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