Entrust Global Partners L L C Takes $365.75 Million Position in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Entrust Global Partners LLC has taken a significant stake in Deutsche Bank, purchasing 15,499,177 shares valued at approximately $365.75 million, making it the largest holding in their portfolio at 74.4%.
• Several institutional investors, including Wealth Enhancement Advisory Services and LPL Financial, have increased their positions in Deutsche Bank, highlighting growing institutional interest, with 27.90% of the stock owned by institutional investors.
• Deutsche Bank's recent earnings report revealed that it missed analysts' EPS expectations, posting $0.54 earnings per share against an estimated $0.78, despite reporting revenues higher than expected at $9.21 billion.

Entrust Global Partners L L C purchased a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 15,499,177 shares of the bank's stock, valued at approximately $365,750,000. Deutsche Bank Aktiengesellschaft makes up approximately 74.4% of Entrust Global Partners L L C's investment portfolio, making the stock its largest holding. Entrust Global Partners L L C owned approximately 0.78% of Deutsche Bank Aktiengesellschaft at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 68.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank's stock valued at $567,000 after purchasing an additional 9,684 shares in the last quarter. Jefferies Financial Group Inc. bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at about $2,308,000. LPL Financial LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 139.4% in the first quarter. LPL Financial LLC now owns 70,463 shares of the bank's stock valued at $1,679,000 after purchasing an additional 41,028 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 6.3% in the first quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock valued at $360,000 after purchasing an additional 900 shares in the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.7% in the first quarter. American Century Companies Inc. now owns 930,135 shares of the bank's stock valued at $22,165,000 after purchasing an additional 33,027 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on DB shares. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. The Goldman Sachs Group lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. Finally, Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE DB opened at $35.23 on Tuesday. The business's 50 day moving average price is $33.34 and its two-hundred day moving average price is $28.20. The company has a market cap of $70.17 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. Deutsche Bank Aktiengesellschaft has a twelve month low of $15.20 and a twelve month high of $37.54.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share 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 analyst estimates of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. On average, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Company 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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