Royal Bank of Canada Increases Stock Position in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Royal Bank of Canada increased its stake in Deutsche Bank Aktiengesellschaft by 88.7% in the first quarter, owning 1,339,429 shares worth approximately $31.9 million.
• Despite a revenue of $9.21 billion in its latest quarter, Deutsche Bank missed earnings per share estimates, reporting $0.54 instead of the expected $0.78.
• The company has a market capitalization of $70.17 billion and analysts have mixed ratings, with four rated as "buy," four as "hold," and one as "sell."

Royal Bank of Canada grew its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 88.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,339,429 shares of the bank's stock after acquiring an additional 629,745 shares during the quarter. Royal Bank of Canada owned about 0.07% of Deutsche Bank Aktiengesellschaft worth $31,918,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in DB. Farther Finance Advisors LLC increased 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 valued at $39,000 after acquiring an additional 800 shares during the period. Zions Bancorporation National Association UT purchased a new position in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $39,000. MassMutual Private Wealth & Trust FSB grew its holdings 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 worth $57,000 after purchasing an additional 424 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 28,293.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,259 shares of the bank's stock valued at $101,000 after purchasing an additional 4,244 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 651.9% during the 1st quarter. Federated Hermes Inc. now owns 4,910 shares of the bank's stock valued at $116,000 after purchasing an additional 4,257 shares during the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB traded up $0.52 during trading hours on Wednesday, reaching $36.22. 2,331,391 shares of the company traded hands, compared to its average volume of 3,204,324. The stock has a market capitalization of $72.14 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.43 and a beta of 1.03. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. Deutsche Bank Aktiengesellschaft has a 12-month low of $15.20 and a 12-month high of $37.54. The business has a fifty day moving average price of $33.48 and a 200-day moving average price of $28.25.

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 (EPS) 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 business had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $7.80 billion. Equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on DB shares. Zacks Research lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. The Goldman Sachs Group lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. Morgan Stanley reiterated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, September 2nd. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Finally, Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft 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.