Freedom Investment Management Inc. Takes $612,000 Position in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Freedom Investment Management Inc. acquired 25,681 shares of Deutsche Bank Aktiengesellschaft valued at approximately $612,000.
• Institutional investors now own 27.90% of Deutsche Bank's stock, indicating increased interest from large financial entities.
• Despite a revenue of $9.21 billion for the last quarter, Deutsche Bank's earnings per share fell short of analysts' estimates, reporting $0.54 against a consensus of $0.78.

Freedom Investment Management Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,681 shares of the bank's stock, valued at approximately $612,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB raised its stake 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 valued at $57,000 after acquiring an additional 424 shares during the period. Dorsey & Whitney Trust CO LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 2.2% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank's stock valued at $522,000 after acquiring an additional 477 shares during the period. Ballentine Partners LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 4.1% in the 1st quarter. Ballentine Partners LLC now owns 17,356 shares of the bank's stock valued at $414,000 after acquiring an additional 680 shares during the period. Cetera Investment Advisers raised its stake in shares of Deutsche Bank Aktiengesellschaft by 3.9% in the 4th quarter. Cetera Investment Advisers now owns 19,438 shares of the bank's stock valued at $331,000 after acquiring an additional 738 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 96.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock valued at $39,000 after acquiring an additional 800 shares during the period. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Down 0.5%

NYSE DB traded down $0.19 on Monday, hitting $35.17. 1,827,637 shares of the stock were exchanged, compared to its average volume of 2,570,104. 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 fifty-two week low of $15.20 and a fifty-two week high of $37.54. The company has a market cap of $70.05 billion, a PE ratio of 13.37, a PEG ratio of 0.43 and a beta of 1.03. The company has a 50-day moving average price of $32.80 and a 200-day moving average price of $27.68.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating on the stock. The Goldman Sachs Group cut shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Finally, Citigroup restated 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. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus rating of "Hold".

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.