Jupiter Asset Management Ltd. Decreases Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

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 position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 28.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 96.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock valued at $39,000 after buying an additional 800 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Deutsche Bank Aktiengesellschaft by 21.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock worth $57,000 after purchasing an additional 424 shares during the last quarter. Federated Hermes Inc. raised its stake in Deutsche Bank Aktiengesellschaft by 651.9% in 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. GAMMA Investing LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 2,319.7% during the 1st quarter. GAMMA Investing LLC now owns 6,267 shares of the bank's stock valued at $149,000 after buying an additional 6,008 shares in the last quarter. Finally, Sava Infond d.o.o. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter valued at $151,000. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Kepler Capital Markets cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Finally, Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Trading Up 2.1%

Shares of DB stock traded up $0.74 on Thursday, hitting $35.47. 1,012,431 shares of the company's stock traded hands, compared to its average volume of 3,294,768. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. Deutsche Bank Aktiengesellschaft has a one year low of $14.19 and a one year high of $35.79. The company's fifty day simple moving average is $29.79 and its 200 day simple moving average is $25.51. The stock has a market capitalization of $70.65 billion, a price-to-earnings ratio of 13.50, a P/E/G ratio of 0.41 and a beta of 1.02.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $9.21 billion during 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%. Equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current 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.