Deutsche Bank Aktiengesellschaft (NYSE:DB) Stock Holdings Trimmed by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp has decreased its stake in Deutsche Bank Aktiengesellschaft by 29.9%, selling 182,357 shares and reducing its holdings to 427,256 shares valued at approximately $10.08 million.
• Institutional investors are showing mixed interest, with Farther Finance Advisors LLC increasing its stake by 96.5%, while others like Sava Infond have recently made new investments in the bank.
• Despite a recent earnings miss, analysts have a consensus rating of "Moderate Buy" for Deutsche Bank, reflecting diverse expectations about its future performance.

Mackenzie Financial Corp decreased its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 29.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,256 shares of the bank's stock after selling 182,357 shares during the period. Mackenzie Financial Corp's holdings in Deutsche Bank Aktiengesellschaft were worth $10,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Farther Finance Advisors LLC increased its position 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 worth $39,000 after purchasing an additional 800 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Deutsche Bank Aktiengesellschaft by 21.3% during the 1st 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. GAMMA Investing LLC increased 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 worth $149,000 after purchasing an additional 6,008 shares during the last quarter. Sava Infond d.o.o. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter worth about $151,000. Finally, Headlands Technologies LLC grew its position in Deutsche Bank Aktiengesellschaft by 3,320.8% in the 4th quarter. Headlands Technologies LLC now owns 8,894 shares of the bank's stock valued at $152,000 after acquiring an additional 8,634 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Price Performance

Deutsche Bank Aktiengesellschaft stock traded up $0.09 during trading hours on Tuesday, hitting $33.77. The stock had a trading volume of 1,759,457 shares, compared to its average volume of 3,312,060. 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 stock has a market capitalization of $67.26 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 0.40 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a 1-year low of $13.82 and a 1-year high of $34.14. The stock's fifty day moving average is $29.53 and its two-hundred day moving average is $25.39.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued 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 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 analysts' expectations of $7.80 billion. As a group, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on DB. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Kepler Capital Markets cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Finally, Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

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.