Nuveen LLC Makes New $19.54 Million Investment in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Nuveen LLC has acquired a new stake in Deutsche Bank Aktiengesellschaft, purchasing 819,955 shares valued at approximately $19.54 million.
• Despite recent investments from institutional investors, Deutsche Bank's stock has seen a slight decline of 0.6% and reported missed earnings expectations for its last quarterly results.
• Recent analyst ratings show mixed sentiments, with Citigroup maintaining a "sell" rating while Royal Bank of Canada has an "outperform" rating on Deutsche Bank shares.

Nuveen LLC acquired a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 819,955 shares of the bank's stock, valued at approximately $19,540,000.

Several other hedge funds and other institutional investors have also modified their holdings of DB. LPL Financial LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 21.6% in the 4th quarter. LPL Financial LLC now owns 29,435 shares of the bank's stock valued at $502,000 after purchasing an additional 5,237 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 13.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 260,644 shares of the bank's stock valued at $4,444,000 after purchasing an additional 30,859 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $6,464,000. Townsquare Capital LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 8.0% in the 4th quarter. Townsquare Capital LLC now owns 17,033 shares of the bank's stock valued at $290,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Mariner LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 5.4% in the 4th quarter. Mariner LLC now owns 157,281 shares of the bank's stock valued at $2,682,000 after purchasing an additional 8,059 shares in the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on DB. Bank of America began coverage on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They set a "buy" rating on the stock. Cfra Research raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE DB traded up $0.4810 during trading on Friday, reaching $37.1510. The stock had a trading volume of 2,414,811 shares, compared to its average volume of 2,660,686. Deutsche Bank Aktiengesellschaft has a one year low of $15.20 and a one year high of $37.36. 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 stock has a market cap of $74.01 billion, a PE ratio of 14.13, a P/E/G ratio of 0.45 and a beta of 1.02. The firm's 50 day moving average price is $31.84 and its two-hundred day moving average price is $26.90.

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 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 firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. On average, research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

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.