TD Asset Management Inc Acquires 68,992 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Key Points

• TD Asset Management Inc increased its stake in Deutsche Bank Aktiengesellschaft by 12.5%, acquiring an additional 68,992 shares during the first quarter, bringing its total ownership to 619,541 shares valued at approximately $14.6 million.
• Deutsche Bank Aktiengesellschaft's stock opened at $33.28, with a market capitalization of $66.3 billion, and reported earnings per share of $0.54 for the last quarter, falling short of estimates.
• Research analysts have given mixed ratings on Deutsche Bank shares, with one sell rating, three holds, four buys, and one strong buy, leading to an average rating of "Moderate Buy" according to MarketBeat.

TD Asset Management Inc raised its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 12.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 619,541 shares of the bank's stock after purchasing an additional 68,992 shares during the quarter. TD Asset Management Inc's holdings in Deutsche Bank Aktiengesellschaft were worth $14,605,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Phoenix Financial Ltd. bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter worth $266,000. Assetmark Inc. boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 1,054.3% during the 1st quarter. Assetmark Inc. now owns 246,430 shares of the bank's stock worth $5,872,000 after acquiring an additional 225,082 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 120.4% during the 1st quarter. Cetera Investment Advisers now owns 42,833 shares of the bank's stock worth $1,021,000 after acquiring an additional 23,395 shares in the last quarter. Pinnacle Associates Ltd. bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter worth $745,000. Finally, Venturi Wealth Management LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 27.2% in the first quarter. Venturi Wealth Management LLC now owns 41,960 shares of the bank's stock worth $1,000,000 after buying an additional 8,970 shares during the period. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB traded up $1.12 on Monday, hitting $33.65. The company's stock had a trading volume of 2,506,812 shares, compared to its average volume of 3,317,512. The company has a market capitalization of $67.02 billion, a PE ratio of 12.79, a PEG ratio of 0.40 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 has a fifty-two week low of $13.70 and a fifty-two week high of $34.14. The company has a 50 day moving average price of $29.40 and a 200 day moving average price of $25.29.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its earnings results 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 business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $7.80 billion. On average, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. Cfra Research raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Citigroup reaffirmed a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating on the stock. Finally, Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. 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 given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

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.