Freedom Investment Management Inc. Takes 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 stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 25,681 shares of the bank's stock, valued at approximately $612,000.

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

Deutsche Bank Aktiengesellschaft Stock Performance

Deutsche Bank Aktiengesellschaft stock traded down $0.19 during midday trading on Friday, reaching $35.17. The stock had a trading volume of 1,827,637 shares, compared to its average volume of 2,639,261. Deutsche Bank Aktiengesellschaft has a 12 month low of $15.20 and a 12 month high of $37.54. The firm's 50-day moving average price is $32.65 and its 200 day moving average price is $27.53. The firm has a market capitalization of $70.05 billion, a PE ratio of 13.37, a P/E/G ratio of 0.43 and a beta of 1.02. 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 (NYSE:DB - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. As a group, research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DB has been the topic of several recent analyst reports. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. The Goldman Sachs Group cut shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research report on Tuesday. Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Finally, Zacks Research cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold".

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.