Groupama Asset Managment Takes $2.77 Million Position in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Groupama Asset Management acquired 124,717 shares of Deutsche Bank Aktiengesellschaft, representing a new investment worth approximately $2.77 million in the first quarter of the year.
• Multiple institutional investors, including MassMutual and Ballentine Partners, have increased their holdings in Deutsche Bank, indicating a growing interest, with institutional ownership now at 27.9%.
• Analysts' ratings for Deutsche Bank show a mixed outlook, with one Strong Buy, four Buy, two Hold, and one Sell rating, reflecting an average consensus rating of Moderate Buy for the stock.

Groupama Asset Managment acquired a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 124,717 shares of the bank's stock, valued at approximately $2,767,000.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Kepler Capital Markets cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Finally, Cfra Research raised shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Up 1.3%

DB traded up $0.4810 during midday trading on Friday, hitting $37.1510. The company had a trading volume of 2,414,811 shares, compared to its average volume of 2,660,686. Deutsche Bank Aktiengesellschaft has a 52 week low of $15.20 and a 52 week high of $37.36. 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 company has a market capitalization of $74.01 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 0.45 and a beta of 1.02. The stock's 50 day moving average price is $31.84 and its 200 day moving average price is $26.96.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share 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 during the quarter, compared to the consensus estimate of $7.80 billion. On average, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

About Deutsche Bank Aktiengesellschaft

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.