Twin Tree Management LP Purchases 277,914 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• Twin Tree Management LP has significantly increased its stake in Deutsche Bank Aktiengesellschaft by 352.2%, acquiring an additional 277,914 shares, bringing its total holdings to 356,812 shares valued at approximately $10.4 million.
• Deutsche Bank's stock recently opened at $34.92, showing a market capitalization of $69.55 billion and a one-year high of $37.86, amidst mixed analyst ratings including a "strong-buy" from Barclays and a "sell" from Citigroup.
• Institutional investors currently hold 27.90% of Deutsche Bank's stock, with several hedge funds increasing their positions in the bank during the recent quarters.

Twin Tree Management LP grew its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 352.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 356,812 shares of the bank's stock after acquiring an additional 277,914 shares during the quarter. Twin Tree Management LP's holdings in Deutsche Bank Aktiengesellschaft were worth $10,447,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at approximately $25,000. Zions Bancorporation National Association UT bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the first quarter valued at approximately $39,000. Farther Finance Advisors LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 96.5% during the first 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 in the last quarter. Founders Capital Management bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at approximately $73,000. Finally, AdvisorNet Financial Inc bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at approximately $90,000. Institutional investors own 27.90% of the company's stock.

Analyst Ratings Changes

DB has been the subject of several recent research reports. Barclays upgraded Deutsche Bank Aktiengesellschaft to a "strong-buy" rating in a report on Friday, October 10th. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Weiss Ratings reiterated a "buy (b)" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Finally, Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Down 1.0%

Shares of NYSE DB opened at $34.92 on Thursday. The business's fifty day moving average price is $35.86 and its 200-day moving average price is $30.44. The stock has a market capitalization of $69.55 billion, a PE ratio of 13.28, a P/E/G ratio of 0.42 and a beta of 0.98. 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 one year low of $16.02 and a one year high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The company had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. On average, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current 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.

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