Deutsche Bank Aktiengesellschaft (NYSE:DB) Holdings Cut by Gemsstock Ltd.

Key Points

• Gemsstock Ltd. significantly reduced its stake in Deutsche Bank Aktiengesellschaft by 48.3%, now owning 470,050 shares valued at approximately $11.09 million.
• Institutional investors hold 27.90% of Deutsche Bank's stock, with various firms making significant adjustments to their positions in the first quarter.
• Deutsche Bank reported earnings of $0.54 EPS for the last quarter, missing analysts' expectations of $0.78, despite having a revenue of $9.21 billion above the forecast.

Gemsstock Ltd. cut its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 48.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 470,050 shares of the bank's stock after selling 438,923 shares during the period. Deutsche Bank Aktiengesellschaft comprises about 4.2% of Gemsstock Ltd.'s holdings, making the stock its 13th biggest holding. Gemsstock Ltd.'s holdings in Deutsche Bank Aktiengesellschaft were worth $11,090,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DB. HighTower Advisors LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the first quarter valued at $1,284,000. Public Sector Pension Investment Board lifted its position in Deutsche Bank Aktiengesellschaft by 2.6% in the first quarter. Public Sector Pension Investment Board now owns 1,494,998 shares of the bank's stock valued at $35,237,000 after buying an additional 37,682 shares during the last quarter. Nuveen LLC purchased a new position in Deutsche Bank Aktiengesellschaft during the first quarter worth about $19,540,000. Virtu Financial LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter valued at about $699,000. Finally, Invesco Ltd. raised its stake in shares of Deutsche Bank Aktiengesellschaft by 0.3% in the 1st quarter. Invesco Ltd. now owns 4,165,414 shares of the bank's stock valued at $99,262,000 after acquiring an additional 14,099 shares during the period. 27.90% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DB has been the topic of a number of research reports. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Bank of America started coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating on the stock. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Finally, Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft currently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE:DB traded up $0.61 on Thursday, reaching $36.78. 2,434,279 shares of the company's stock were exchanged, compared to its average volume of 3,283,374. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. The business's 50-day moving average is $30.63 and its two-hundred day moving average is $26.08. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $15.09 and a fifty-two week high of $36.80. The firm has a market capitalization of $73.26 billion, a price-to-earnings ratio of 13.98, a PEG ratio of 0.44 and a beta of 1.02.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. As a group, equities research analysts forecast 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.