Generali Asset Management SPA SGR Makes New $15.43 Million Investment in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Generali Asset Management acquired 429,956 Deutsche Bank shares in the third quarter, valued at approximately $15.43 million. Institutional investors and hedge funds collectively own 27.9% of the stock.
• Analyst sentiment is generally positive, with an average rating of “Moderate Buy” and a consensus price target of $43.00, although Zacks downgraded the stock to “strong sell.”
• Deutsche Bank reported quarterly revenue of $9.68 billion, exceeding estimates, but earnings per share of $0.66 fell short of the $0.91 consensus forecast. Shares opened at $32.10, below the $43.00 average analyst target.

Generali Asset Management SPA SGR acquired a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 429,956 shares of the bank's stock, valued at approximately $15,431,000.

A number of other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 51.6% in the 2nd quarter. GAMMA Investing LLC now owns 814 shares of the bank's stock valued at $27,000 after purchasing an additional 277 shares during the period. Triumph Capital Management raised its holdings in Deutsche Bank Aktiengesellschaft by 4.8% during the 2nd quarter. Triumph Capital Management now owns 8,673 shares of the bank's stock worth $293,000 after buying an additional 399 shares during the period. Greenleaf Trust raised its holdings in Deutsche Bank Aktiengesellschaft by 6.2% during the 2nd quarter. Greenleaf Trust now owns 9,999 shares of the bank's stock worth $338,000 after buying an additional 587 shares during the period. Versant Capital Management Inc lifted its stake in Deutsche Bank Aktiengesellschaft by 2.8% during the second quarter. Versant Capital Management Inc now owns 22,407 shares of the bank's stock valued at $756,000 after buying an additional 612 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 2.3% during the third quarter. Park Avenue Securities LLC now owns 28,038 shares of the bank's stock valued at $1,006,000 after buying an additional 629 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Bank of America set a $43.00 target price on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, July 7th. UBS Group restated a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 30th. Warburg Research reaffirmed a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 7th. Citigroup reaffirmed a "neutral" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 20th. Finally, Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a "hold" rating to a "strong sell" rating in a research report on Tuesday, October 13th. Ten research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Trading Up 0.5%

Shares of NYSE DB opened at $32.10 on Wednesday. Deutsche Bank Aktiengesellschaft has a one year low of $28.12 and a one year high of $41.62. The firm has a market capitalization of $62.28 billion, a PE ratio of 8.56 and a beta of 1.00. The business has a 50-day moving average price of $36.58 and a two-hundred day moving average price of $34.85.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.25). The business had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.30 billion. Research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.82 EPS for the current year.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870 in Berlin, the bank provides banking and financial services to corporate, institutional, private and retail clients in Germany and international markets.

Its principal businesses include Corporate Bank, which offers transaction banking, cash management, trade finance and lending services; Investment Bank, which provides advisory, underwriting, securities trading and capital markets services; and Private Bank, which serves individuals, affluent clients and small and medium-sized businesses through retail and wealth management offerings.

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