Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Sold by Jupiter Asset Management Ltd.

Key Points

• Jupiter Asset Management Ltd. reduced its stake in Deutsche Bank by 28.7%, now holding 993,475 shares valued at approximately $23.42 million.
• Other large investors, such as Capital International Investors and Marshall Wace LLP, have increased their stakes in Deutsche Bank, contributing to a total of 27.90% of the stock owned by institutional investors.
• Deutsche Bank reported $0.54 EPS for the last quarter, missing expectations, and anticipates 2.93 EPS for the current fiscal year according to analysts' forecasts.

Jupiter Asset Management Ltd. trimmed its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 28.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 993,475 shares of the bank's stock after selling 400,724 shares during the period. Jupiter Asset Management Ltd.'s holdings in Deutsche Bank Aktiengesellschaft were worth $23,416,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 68.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank's stock worth $567,000 after purchasing an additional 9,684 shares during the period. Sequoia Financial Advisors LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 6.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock worth $360,000 after purchasing an additional 900 shares during the period. Oppenheimer & Co. Inc. raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 45.3% in the 1st quarter. Oppenheimer & Co. Inc. now owns 94,531 shares of the bank's stock worth $2,253,000 after purchasing an additional 29,451 shares during the period. Gemsstock Ltd. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter valued at about $15,498,000. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 26.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 65,901 shares of the bank's stock valued at $1,570,000 after buying an additional 13,615 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DB shares. Kepler Capital Markets downgraded 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. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Finally, Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Down 0.5%

DB stock traded down $0.16 during midday trading on Tuesday, hitting $33.52. 490,763 shares of the company's stock were exchanged, compared to its average volume of 3,302,779. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. Deutsche Bank Aktiengesellschaft has a 12-month low of $13.82 and a 12-month high of $34.14. The firm has a 50 day moving average price of $29.53 and a 200-day moving average price of $25.39. The stock has a market capitalization of $66.77 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 0.40 and a beta of 1.02.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share (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 business had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $7.80 billion. On average, analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

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.