Northern Trust Corp Buys 66,892 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• Northern Trust Corp increased its stake in Deutsche Bank Aktiengesellschaft by 4.7%, acquiring an additional 66,892 shares, bringing its total ownership to approximately 1.5 million shares valued at $35.8 million.
• Deutsche Bank's recent quarterly results showed earnings per share of $0.54, which missed analysts' estimates of $0.78, despite revenue surpassing expectations at $9.21 billion.
• Several analysts have downgraded Deutsche Bank's stock, with ratings shifting from "buy" to "hold" or "sell," now averaging a consensus rating of "Hold."

Northern Trust Corp grew its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 4.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,504,175 shares of the bank's stock after buying an additional 66,892 shares during the quarter. Northern Trust Corp owned 0.08% of Deutsche Bank Aktiengesellschaft worth $35,844,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 96.5% in 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. Zions Bancorporation National Association UT acquired a new stake in Deutsche Bank Aktiengesellschaft in the first quarter worth $39,000. MassMutual Private Wealth & Trust FSB lifted its stake in Deutsche Bank Aktiengesellschaft by 21.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock valued at $57,000 after buying an additional 424 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 651.9% during the first 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. Finally, GAMMA Investing LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 2,319.7% during the first quarter. GAMMA Investing LLC now owns 6,267 shares of the bank's stock worth $149,000 after acquiring an additional 6,008 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Up 0.0%

Shares of DB traded up $0.01 during mid-day trading on Wednesday, reaching $34.74. The company's stock had a trading volume of 1,658,811 shares, compared to its average volume of 3,221,669. Deutsche Bank Aktiengesellschaft has a 1 year low of $15.20 and a 1 year high of $37.54. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. The company has a market cap of $69.19 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03. The business has a fifty day moving average of $32.91 and a 200 day moving average of $27.73.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%.The firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $7.80 billion. As a group, analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Kepler Capital Markets downgraded shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus rating of "Hold".

About Deutsche Bank Aktiengesellschaft

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.