Forsta AP Fonden Raises Holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Key Points

• Forsta AP Fonden significantly increased its stake in Deutsche Bank Aktiengesellschaft by 240.2%, acquiring a total of 247,261 shares worth approximately $5.89 million by the end of the first quarter.
• Several other hedge funds, including Capital International Investors and Vanguard Group Inc., also boosted their positions in Deutsche Bank, reflecting a growing institutional interest in the stock.
• Deutsche Bank reported $0.54 EPS in its latest quarterly earnings, missing analyst expectations, but had a revenue of $9.21 billion, surpassing estimates.

Forsta AP Fonden increased its position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 240.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 247,261 shares of the bank's stock after buying an additional 174,572 shares during the period. Forsta AP Fonden's holdings in Deutsche Bank Aktiengesellschaft were worth $5,892,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Capital International Investors boosted its position in shares of Deutsche Bank Aktiengesellschaft by 9.4% during the fourth quarter. Capital International Investors now owns 87,660,818 shares of the bank's stock worth $1,510,097,000 after acquiring an additional 7,558,488 shares during the last quarter. Vanguard Group Inc. lifted its stake in Deutsche Bank Aktiengesellschaft by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank's stock worth $1,892,773,000 after purchasing an additional 370,319 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 10.0% during the 1st quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank's stock valued at $1,135,808,000 after purchasing an additional 4,322,086 shares during the last quarter. Marshall Wace LLP boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 18.7% during the 4th quarter. Marshall Wace LLP now owns 15,034,039 shares of the bank's stock valued at $258,903,000 after purchasing an additional 2,369,480 shares during the last quarter. Finally, Capital International Inc. CA grew its position in shares of Deutsche Bank Aktiengesellschaft by 23.4% during the fourth quarter. Capital International Inc. CA now owns 9,269,824 shares of the bank's stock valued at $159,774,000 after purchasing an additional 1,755,675 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on DB. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Bank of America began coverage on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They issued a "buy" rating for the company. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Finally, Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Up 0.2%

Shares of NYSE DB traded up $0.08 during midday trading on Tuesday, reaching $36.29. 1,936,196 shares of the company's stock traded hands, compared to its average volume of 2,845,714. The company has a market cap of $72.29 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 0.44 and a beta of 1.02. The stock's 50 day simple moving average is $30.45 and its 200-day simple moving average is $26.01. 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 one year low of $14.42 and a one year high of $36.46.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate 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. On average, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS 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.