Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Bought by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Deutsche Bank Aktiengesellschaft by 2.6%, now owning nearly 1.5 million shares valued at $35.2 million.
• Deutsche Bank's stock showed a notable performance, opening at $36.26 and having a market capitalization of $72.23 billion.
• Despite missing earnings estimates, analysts maintain mixed ratings on the bank's stock, with an average rating of "Moderate Buy" from various equity analysts.

Public Sector Pension Investment Board lifted its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 2.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,494,998 shares of the bank's stock after buying an additional 37,682 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.08% of Deutsche Bank Aktiengesellschaft worth $35,237,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nuveen LLC purchased a new position in Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $19,540,000. Virtu Financial LLC purchased a new position in Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $699,000. Invesco Ltd. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 0.3% in 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 period. Benjamin Edwards Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $356,000. Finally, Zions Bancorporation National Association UT acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $39,000. 27.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on DB shares. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a "buy" rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Deutsche Bank Aktiengesellschaft currently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock traded up $0.08 during trading hours on Tuesday, hitting $36.29. 1,936,196 shares of the company were exchanged, compared to its average volume of 2,845,714. The business has a 50-day moving average of $30.45 and a 200-day moving average of $26.01. The stock has a market capitalization of $72.29 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 0.44 and a beta of 1.02. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. Deutsche Bank Aktiengesellschaft has a 1 year low of $14.42 and a 1 year high of $36.46.

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 (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.24). The business had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. As a group, analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS 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.