Mackenzie Financial Corp Reduces Holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB)

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 reduced its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 29.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC lifted its holdings in shares of 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. National Bank of Canada FI raised its position in shares of Deutsche Bank Aktiengesellschaft by 9.3% during the fourth quarter. National Bank of Canada FI now owns 23,152 shares of the bank's stock worth $399,000 after purchasing an additional 1,965 shares during the period. Headlands Technologies LLC lifted its stake 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. Pitcairn Co. grew its holdings in Deutsche Bank Aktiengesellschaft by 5.7% during the fourth quarter. Pitcairn Co. now owns 13,742 shares of the bank's stock worth $234,000 after purchasing an additional 740 shares during the period. Finally, Prudential PLC increased its stake in shares of Deutsche Bank Aktiengesellschaft by 19.9% during the fourth quarter. Prudential PLC now owns 216,985 shares of the bank's stock worth $3,737,000 after purchasing an additional 35,938 shares during the period. 27.90% of the stock is owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

DB stock traded down $0.44 during trading on Friday, hitting $32.54. 3,210,819 shares of the company traded hands, compared to its average volume of 2,553,839. The company has a market cap of $64.82 billion, a PE ratio of 12.37, a P/E/G ratio of 0.40 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a 1 year low of $13.70 and a 1 year high of $34.14. 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's 50-day simple moving average is $29.40 and its 200 day simple moving average is $25.24.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $7.80 billion. On average, equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on DB. Bank of America began coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating on the stock. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Kepler Capital Markets lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Finally, Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft 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.