Lansforsakringar Fondforvaltning AB publ Purchases 46,664 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• Lansforsakringar Fondforvaltning AB increased its holdings in Deutsche Bank Aktiengesellschaft by 7.3%, owning 688,498 shares valued at approximately $16.23 million.
• Several institutional investors have also altered their positions in Deutsche Bank, with Northern Trust Corp significantly increasing its stake by 51.1%.
• Wall Street analysts have mixed ratings on Deutsche Bank's stock, with recent downgrades from Goldman Sachs and Citigroup, while others maintain a hold or outperform stance.

Lansforsakringar Fondforvaltning AB publ raised its position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 7.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 688,498 shares of the bank's stock after acquiring an additional 46,664 shares during the quarter. Lansforsakringar Fondforvaltning AB publ's holdings in Deutsche Bank Aktiengesellschaft were worth $16,228,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 68.8% during the first 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. Jefferies Financial Group Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter worth approximately $2,308,000. LPL Financial LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 139.4% during the 1st quarter. LPL Financial LLC now owns 70,463 shares of the bank's stock worth $1,679,000 after acquiring an additional 41,028 shares during the last quarter. Sequoia Financial Advisors LLC boosted its position in Deutsche Bank Aktiengesellschaft by 6.3% during the first 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. Finally, American Century Companies Inc. boosted its position in Deutsche Bank Aktiengesellschaft by 3.7% during the first quarter. American Century Companies Inc. now owns 930,135 shares of the bank's stock worth $22,165,000 after purchasing an additional 33,027 shares during the period. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock traded down $0.19 during mid-day trading on Monday, reaching $35.17. 1,827,637 shares of the company were exchanged, compared to its average volume of 2,570,104. The firm has a market cap of $70.05 billion, a PE ratio of 13.37, a PEG ratio of 0.43 and a beta of 1.03. 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 company has a fifty day simple moving average of $32.65 and a 200-day simple moving average of $27.58. Deutsche Bank Aktiengesellschaft has a 12 month low of $15.20 and a 12 month high of $37.54.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share 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 company had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. As a group, equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on DB shares. The Goldman Sachs Group cut shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research note on Tuesday, August 26th. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Finally, Bank of America initiated coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating for the company. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold".

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.