MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Deutsche Bank Aktiengesellschaft by 149.2%, acquiring an additional 135,224 shares, bringing its total to 225,872 shares worth approximately $5.32 million.
• Deutsche Bank reported quarterly earnings of $0.54 per share, which missed analysts' expectations of $0.78 by $0.24, despite achieving revenues of $9.21 billion.
• Analyst ratings for Deutsche Bank show a mixed outlook, with four analysts rating it as Buy, four as Hold, and one as Sell.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 149.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,872 shares of the bank's stock after purchasing an additional 135,224 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.'s holdings in Deutsche Bank Aktiengesellschaft were worth $5,324,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Deutsche Bank Aktiengesellschaft by 96.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock valued at $39,000 after acquiring an additional 800 shares during the period. Zions Bancorporation National Association UT acquired a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at approximately $39,000. MassMutual Private Wealth & Trust FSB increased its position in Deutsche Bank Aktiengesellschaft by 21.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock valued at $57,000 after acquiring an additional 424 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in Deutsche Bank Aktiengesellschaft by 28,293.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,259 shares of the bank's stock valued at $101,000 after acquiring an additional 4,244 shares during the period. Finally, Federated Hermes Inc. increased its position in Deutsche Bank Aktiengesellschaft by 651.9% in the 1st quarter. Federated Hermes Inc. now owns 4,910 shares of the bank's stock valued at $116,000 after acquiring an additional 4,257 shares during the period. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DB has been the subject of several recent research reports. The Goldman Sachs Group cut shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 26th. Wall Street Zen cut shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Kepler Capital Markets cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Finally, Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Up 0.8%

Shares of Deutsche Bank Aktiengesellschaft stock traded up $0.30 during trading hours on Monday, reaching $37.46. The company's stock had a trading volume of 2,022,498 shares, compared to its average volume of 3,182,458. The stock's fifty day simple moving average is $33.94 and its two-hundred day simple moving average is $28.62. The company has a market capitalization of $74.62 billion, a P/E ratio of 14.24, a P/E/G ratio of 0.45 and a beta of 1.03. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. Deutsche Bank Aktiengesellschaft has a one year low of $16.02 and a one year high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its earnings results on Thursday, July 24th. The bank reported $0.54 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 firm had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $7.80 billion. On average, research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

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.