Park Avenue Securities LLC Buys 22,888 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• Park Avenue Securities LLC significantly increased its stake in Deutsche Bank Aktiengesellschaft by 101.5%, acquiring an additional 22,888 shares during the second quarter, now valuing their total holdings at approximately $1.33 million.
• Several institutional investors, including Vanguard Group and GQG Partners LLC, have also modified their positions in Deutsche Bank, contributing to institutional ownership of 27.90% of the stock.
• Deutsche Bank's Q2 earnings missed analysts' expectations, reporting $0.54 earnings per share against a consensus estimate of $0.78, despite exceeding revenue expectations of $7.80 billion with reported revenue of $9.21 billion.

Park Avenue Securities LLC increased its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 101.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 45,446 shares of the bank's stock after purchasing an additional 22,888 shares during the period. Park Avenue Securities LLC's holdings in Deutsche Bank Aktiengesellschaft were worth $1,331,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Deutsche Bank Aktiengesellschaft by 0.5% in the first quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank's stock worth $1,892,773,000 after purchasing an additional 370,319 shares during the last quarter. Deutsche Bank AG increased its position in shares of Deutsche Bank Aktiengesellschaft by 10.0% in the first quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank's stock worth $1,135,808,000 after purchasing an additional 4,322,086 shares during the last quarter. GQG Partners LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth approximately $470,716,000. Entrust Global Partners L L C bought a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth approximately $365,750,000. Finally, Invesco Ltd. grew its position in Deutsche Bank Aktiengesellschaft by 0.3% during the first quarter. Invesco Ltd. now owns 4,165,414 shares of the bank's stock valued at $99,262,000 after acquiring an additional 14,099 shares during the last quarter. 27.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DB has been the topic of a number of recent research reports. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. 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. 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. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Finally, Bank of America initiated coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They set a "buy" rating on the stock. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $35.22 on Friday. The firm has a market cap of $70.15 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 0.44 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.02 and a fifty-two week high of $37.86. 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 business has a 50 day moving average price of $35.11 and a 200-day moving average price of $29.38.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings data 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). The company had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. Equities research analysts predict 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.

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