QRG Capital Management Inc. Increases Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Key Points

• QRG Capital Management boosted its stake in Deutsche Bank by 27.3% in Q4, buying 44,937 shares to own 209,554 shares worth $8.08 million.
• Deutsche Bank reported an earnings beat with $1.24 EPS vs. $1.15 expected and $10.04 billion in revenue vs. $9.85 billion, while analysts' consensus remains an average "Hold" (4 Buys, 6 Holds).
• Other institutions (e.g., AQR, First Trust) also adjusted positions and overall institutional ownership is about 27.9% of the stock.

QRG Capital Management Inc. boosted its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 27.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 209,554 shares of the bank's stock after acquiring an additional 44,937 shares during the period. QRG Capital Management Inc.'s holdings in Deutsche Bank Aktiengesellschaft were worth $8,080,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 15.9% during the first quarter. AQR Capital Management LLC now owns 126,101 shares of the bank's stock valued at $3,005,000 after buying an additional 17,262 shares during the period. Focus Partners Wealth purchased a new stake in Deutsche Bank Aktiengesellschaft in the first quarter worth about $795,000. Sivia Capital Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at approximately $413,000. Rhumbline Advisers grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.5% during the 2nd quarter. Rhumbline Advisers now owns 27,750 shares of the bank's stock worth $813,000 after acquiring an additional 1,187 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Deutsche Bank Aktiengesellschaft by 24.1% in the 2nd quarter. First Trust Advisors LP now owns 528,327 shares of the bank's stock worth $15,620,000 after acquiring an additional 102,754 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DB. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, March 14th. Barclays cut Deutsche Bank Aktiengesellschaft from an "overweight" rating to an "equal weight" rating in a research note on Monday, April 20th. Citigroup upgraded Deutsche Bank Aktiengesellschaft from a "sell" rating to a "hold" rating in a report on Thursday, April 9th. Morgan Stanley reaffirmed an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, January 8th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, April 20th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB opened at $30.65 on Wednesday. The firm has a fifty day simple moving average of $31.58 and a two-hundred day simple moving average of $35.15. The firm has a market cap of $59.47 billion, a PE ratio of 8.44, a P/E/G ratio of 0.39 and a beta of 0.94. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.40. Deutsche Bank Aktiengesellschaft has a 1-year low of $26.58 and a 1-year high of $40.43.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The bank reported $1.24 EPS for the quarter, topping the consensus estimate of $1.15 by $0.09. The company had revenue of $10.04 billion during the quarter, compared to analyst estimates of $9.85 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 7.69% and a net margin of 10.43%. On average, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 4.05 EPS for the current year.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank's core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.

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