Deutsche Bank $DB Stock Bought by Fisher Asset Management LLC

Key Points

• Fisher Asset Management increased its Deutsche Bank stake by 4.5% in the third quarter, adding about 1.34 million shares. It held 31.04 million shares, worth approximately $1.11 billion, at quarter-end.
• Deutsche Bank reported quarterly earnings of $1.06 per share, beating the $0.91 analyst consensus, while revenue of $9.44 billion also topped estimates.
• Analysts’ consensus rating is “Moderate Buy,” with an average price target of $43. Institutional investors and hedge funds own 27.9% of the company’s stock.

Fisher Asset Management LLC grew its position in Deutsche Bank (NYSE:DB - Free Report) by 4.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 31,037,412 shares of the bank's stock after acquiring an additional 1,336,994 shares during the period. Fisher Asset Management LLC owned about 1.60% of Deutsche Bank worth $1,113,933,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of DB. Russell Investments Group Ltd. boosted its stake in shares of Deutsche Bank by 2.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 3,685,408 shares of the bank's stock worth $133,324,000 after acquiring an additional 71,820 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Deutsche Bank by 39.1% in the third quarter. Fifth Third Bancorp now owns 1,402 shares of the bank's stock valued at $50,000 after buying an additional 394 shares in the last quarter. First Command Advisory Services Inc. increased its holdings in Deutsche Bank by 354.9% in the 3rd quarter. First Command Advisory Services Inc. now owns 2,079 shares of the bank's stock worth $75,000 after acquiring an additional 1,622 shares in the last quarter. Keybank National Association OH raised its position in shares of Deutsche Bank by 4.0% during the 3rd quarter. Keybank National Association OH now owns 28,816 shares of the bank's stock worth $1,034,000 after purchasing an additional 1,115 shares during the last quarter. Finally, D Orazio & Associates Inc. raised its holdings in shares of Deutsche Bank by 1.9% during the third quarter. D Orazio & Associates Inc. now owns 15,001 shares of the bank's stock valued at $538,000 after acquiring an additional 285 shares during the last quarter. Institutional investors and hedge funds own 27.90% of the company's stock.

Latest Deutsche Bank News

These are some of the DB news items that stood out recently:

• Positive Sentiment: Deutsche Bank launched custody services for institutional and corporate clients, allowing them to hold and transfer Bitcoin, Ether and selected stablecoins. The new service could create fee income and cross-selling opportunities; the bank is also exploring collaboration on tokenized funds and related products. Deutsche Bank Bets on Digital Asset Custody: A New Growth Catalyst?
• Negative Sentiment: Germany’s financial regulator fined the bank €8 million over its Postbank customer migration. The penalty may weigh on sentiment by renewing concerns about the integration and its handling, though the fine appears limited in scale relative to the bank. German regulator fines Deutsche Bank €8 million in Postbank customer migration

Deutsche Bank Trading Down 1.8%

DB opened at $36.66 on Friday. The business's 50 day moving average price is $35.70 and its 200 day moving average price is $34.65. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market capitalization of $71.12 billion, a PE ratio of 9.50, a P/E/G ratio of 0.59 and a beta of 1.05. Deutsche Bank has a one year low of $28.12 and a one year high of $41.62.

Deutsche Bank (NYSE:DB - Get Free Report) last posted its earnings results on Wednesday, October 28th. The bank reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.15. Deutsche Bank had a return on equity of 8.63% and a net margin of 11.59%. The company had revenue of $9.44 billion for the quarter, compared to the consensus estimate of $9.32 billion. As a group, equities research analysts expect that Deutsche Bank will post 3.77 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. DZ Bank restated a "buy" rating on shares of Deutsche Bank in a research report on Wednesday, July 29th. Royal Bank Of Canada reiterated a "buy" rating on shares of Deutsche Bank in a report on Sunday, October 4th. Jefferies Financial Group raised shares of Deutsche Bank from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 27th. Zacks Research lowered Deutsche Bank from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 13th. Finally, The Goldman Sachs Group upgraded Deutsche Bank from a "neutral" rating to a "buy" rating in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Deutsche Bank currently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

About Deutsche Bank

Deutsche Bank is a global financial services company headquartered in Frankfurt, Germany. Founded in Berlin in 1870 to support German and international trade, it has grown into one of Germany’s largest banking groups. The bank serves businesses, governments, institutional investors and individuals in Germany and other markets around the world. Its Corporate Bank provides services such as cash management, payments, trade finance and lending, while its Investment Bank offers capital-markets, advisory, financing and trading services.

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