Russell Investments Group Ltd. Sells 1,066,256 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Key Points

• Russell Investments Group Ltd. has reduced its holdings in Deutsche Bank Aktiengesellschaft by 24.6%, selling 1,066,256 shares and leaving it with approximately 3.27 million shares valued at $77.17 million.
• Other institutional investors, including LPL Financial LLC and Envestnet Asset Management Inc., have increased their stakes in Deutsche Bank during the recent quarter, reflecting a mixed sentiment among investors.
• Deutsche Bank reported $0.54 EPS for the last quarter, missing analyst expectations, but its revenue of $9.21 billion exceeded estimates, indicating potential growth despite the earnings miss.

Russell Investments Group Ltd. lowered its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 24.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,272,857 shares of the bank's stock after selling 1,066,256 shares during the period. Russell Investments Group Ltd. owned approximately 0.16% of Deutsche Bank Aktiengesellschaft worth $77,167,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its stake in Deutsche Bank Aktiengesellschaft by 21.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock valued at $57,000 after purchasing an additional 424 shares during the last quarter. Ballentine Partners LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 4.1% in the 1st quarter. Ballentine Partners LLC now owns 17,356 shares of the bank's stock valued at $414,000 after purchasing an additional 680 shares during the last quarter. Cetera Investment Advisers lifted its stake in Deutsche Bank Aktiengesellschaft by 3.9% in the 4th quarter. Cetera Investment Advisers now owns 19,438 shares of the bank's stock valued at $331,000 after purchasing an additional 738 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in 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 purchasing an additional 800 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 6.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock valued at $360,000 after purchasing an additional 900 shares during the last quarter. Institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Trading Down 0.6%

NYSE DB traded down $0.22 during mid-day trading on Friday, reaching $36.56. 2,464,482 shares of the stock were exchanged, compared to its average volume of 2,871,355. Deutsche Bank Aktiengesellschaft has a one year low of $15.20 and a one year high of $36.99. The stock has a 50 day simple moving average of $30.97 and a 200-day simple moving average of $26.35. The stock has a market cap of $72.83 billion, a P/E ratio of 13.90, a P/E/G ratio of 0.45 and a beta of 1.02. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its 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 return on equity of 6.01% and a net margin of 7.67%. The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. On average, analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Analyst Ratings Changes

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

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.