Ninety One North America Inc. Purchases New Shares in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Ninety One North America purchased 103,739 Deutsche Bank shares in the third quarter, worth approximately $3.76 million. Institutional investors and hedge funds collectively own 27.9% of the stock.
• Deutsche Bank’s shares recently traded at $32.67, below their 50-day moving average of $37.77 and 200-day average of $34.87. The stock has ranged from $28.12 to $41.62 over the past year.
• The bank reported quarterly EPS of $0.66, missing the $0.91 consensus estimate, though revenue of $9.68 billion exceeded expectations. Analysts maintain a generally positive view, with a “Moderate Buy” consensus rating and an average price target of $43.00.

Ninety One North America Inc. purchased a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 103,739 shares of the bank's stock, valued at approximately $3,755,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 51.6% during the second quarter. GAMMA Investing LLC now owns 814 shares of the bank's stock worth $27,000 after buying an additional 277 shares in the last quarter. Byrne Asset Management LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at about $34,000. GHP Investment Advisors Inc. acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at about $64,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Deutsche Bank Aktiengesellschaft by 22,576.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,948 shares of the bank's stock valued at $114,000 after acquiring an additional 2,935 shares in the last quarter. Finally, Mather Group LLC. increased its position in Deutsche Bank Aktiengesellschaft by 23,817.6% during the third quarter. Mather Group LLC. now owns 4,066 shares of the bank's stock worth $146,000 after acquiring an additional 4,049 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Price Performance

NYSE DB traded down $0.12 on Thursday, hitting $32.67. 1,473,715 shares of the company's stock were exchanged, compared to its average volume of 2,744,190. The stock has a 50-day moving average of $37.77 and a 200-day moving average of $34.87. The stock has a market cap of $63.39 billion, a price-to-earnings ratio of 8.71, a P/E/G ratio of 0.47 and a beta of 1.00. Deutsche Bank Aktiengesellschaft has a 52 week low of $28.12 and a 52 week high of $41.62. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.25). Deutsche Bank Aktiengesellschaft had a net margin of 11.53% and a return on equity of 8.46%. The business had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.30 billion. Analysts expect that Deutsche Bank Aktiengesellschaft will post 3.85 earnings per share for the current year.

Analyst Ratings Changes

DB has been the subject of several analyst reports. JPMorgan Chase & Co. reiterated a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, October 5th. Weiss Ratings upgraded shares of Deutsche Bank Aktiengesellschaft from a "buy (b-)" rating to a "buy (b)" rating in a research report on Wednesday, July 29th. Bank of America set a $43.00 target price on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Warburg Research reiterated a "buy" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 7th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, September 2nd. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $43.00.

Deutsche Bank Aktiengesellschaft Company Profile

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.

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