MetLife Investment Management LLC Sells 28,442 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• MetLife Investment Management LLC has reduced its stake in Deutsche Bank Aktiengesellschaft by 12.8%, selling 28,442 shares, with remaining holdings valued at approximately $4.55 million.
• Analyst sentiment is mixed, with Citigroup maintaining a "sell" rating, while other firms have adjusted their ratings from "buy" to "hold".
• Deutsche Bank reported earnings per share of $0.54 for the last quarter, missing the consensus estimate of $0.78, despite exceeding revenue expectations of $9.21 billion.

MetLife Investment Management LLC lessened its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 12.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 193,002 shares of the bank's stock after selling 28,442 shares during the period. MetLife Investment Management LLC's holdings in Deutsche Bank Aktiengesellschaft were worth $4,552,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position 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 buying an additional 9,684 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in Deutsche Bank Aktiengesellschaft during the first quarter worth approximately $2,308,000. LPL Financial LLC increased its position in Deutsche Bank Aktiengesellschaft by 139.4% during the first quarter. LPL Financial LLC now owns 70,463 shares of the bank's stock worth $1,679,000 after buying an additional 41,028 shares during the last quarter. Sequoia Financial Advisors LLC increased 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 buying an additional 900 shares during the last quarter. Finally, American Century Companies Inc. increased 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 buying an additional 33,027 shares during the last quarter. Institutional investors and hedge funds own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB stock traded down $0.41 during trading on Tuesday, hitting $34.73. The company had a trading volume of 3,160,326 shares, compared to its average volume of 3,231,543. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $69.17 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03. The stock's 50-day moving average price is $32.80 and its 200 day moving average price is $27.68. Deutsche Bank Aktiengesellschaft has a one year low of $15.20 and a one year high of $37.54.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings results 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 the consensus estimate of $7.80 billion. Equities analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Zacks Research cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. The Goldman Sachs Group cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Company 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.