Deutsche Bank Aktiengesellschaft $DB Stock Position Lifted by Korea Investment CORP

Key Points

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Korea Investment CORP raised its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 27.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,106,195 shares of the bank's stock after acquiring an additional 459,049 shares during the period. Korea Investment CORP owned approximately 0.11% of Deutsche Bank Aktiengesellschaft worth $49,643,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in DB. LPL Financial LLC grew its position in Deutsche Bank Aktiengesellschaft by 21.6% during the fourth quarter. LPL Financial LLC now owns 29,435 shares of the bank's stock valued at $502,000 after acquiring an additional 5,237 shares during the period. Envestnet Asset Management Inc. grew its position in Deutsche Bank Aktiengesellschaft by 13.4% during the fourth quarter. Envestnet Asset Management Inc. now owns 260,644 shares of the bank's stock valued at $4,444,000 after acquiring an additional 30,859 shares during the period. Raymond James Financial Inc. purchased a new stake in Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $6,464,000. Townsquare Capital LLC grew its position in Deutsche Bank Aktiengesellschaft by 8.0% during the fourth quarter. Townsquare Capital LLC now owns 17,033 shares of the bank's stock valued at $290,000 after acquiring an additional 1,265 shares during the period. Finally, Mariner LLC grew its position in Deutsche Bank Aktiengesellschaft by 5.4% during the fourth quarter. Mariner LLC now owns 157,281 shares of the bank's stock valued at $2,682,000 after acquiring an additional 8,059 shares during the period. Hedge funds and other institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Stock Up 1.3%

DB traded up $0.4810 on Friday, reaching $37.1510. The company's stock had a trading volume of 2,414,811 shares, compared to its average volume of 3,252,485. The stock has a market cap of $74.01 billion, a price-to-earnings ratio of 14.13, a price-to-earnings-growth ratio of 0.45 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a 1 year low of $15.20 and a 1 year high of $37.36. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. The business's 50 day moving average is $31.64 and its 200 day moving average is $26.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $7.80 billion. As a group, research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DB. Bank of America began coverage on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They set a "buy" rating for the company. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Citigroup reaffirmed a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft currently has an average rating of "Moderate Buy".

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.