SVB Wealth LLC Acquires Shares of 7,400 Deutsche Bank Aktiengesellschaft $DB

Key Points

• SVB Wealth LLC has established a new stake in Deutsche Bank, purchasing 7,400 shares valued at around $176,000 during the first quarter of the year.
• Institutional investors now own approximately 27.90% of Deutsche Bank's stock, with several hedge funds significantly increasing their holdings in recent months.
• Deutsche Bank's latest earnings report revealed an EPS of $0.54, which was below the expected $0.78, despite exceeding revenue expectations with $9.21 billion for the quarter.

SVB Wealth LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,400 shares of the bank's stock, valued at approximately $176,000.

A number of other large investors have also recently made changes to their positions in DB. Vanguard Group Inc. boosted its holdings in 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 stake in Deutsche Bank Aktiengesellschaft by 10.0% in the 1st quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank's stock worth $1,135,808,000 after buying an additional 4,322,086 shares in the last quarter. GQG Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at approximately $470,716,000. Invesco Ltd. raised its position in shares of 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 buying an additional 14,099 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 11.4% in the 4th quarter. Nuveen Asset Management LLC now owns 3,379,409 shares of the bank's stock worth $58,229,000 after purchasing an additional 345,196 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Zacks Research cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a "buy" rating on the stock. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Finally, The Goldman Sachs Group lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of NYSE DB traded up $0.33 during trading on Thursday, reaching $35.37. 2,404,917 shares of the company traded hands, compared to its average volume of 3,240,152. Deutsche Bank Aktiengesellschaft has a 12-month low of $15.20 and a 12-month high of $37.54. The stock has a market cap of $70.45 billion, a P/E ratio of 13.45, a PEG ratio of 0.45 and a beta of 1.02. The firm's fifty day simple moving average is $32.35 and its 200 day simple moving average is $27.26. 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 (NYSE:DB - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 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 company had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $7.80 billion. As a group, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share 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.