Vanguard Group Inc. Buys 370,319 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Key Points

• Vanguard Group Inc. increased its stake in Deutsche Bank Aktiengesellschaft by 0.5% during the first quarter, owning approximately $1.89 billion worth of shares.
• Deutsche Bank's recent quarterly earnings fell short of expectations, reporting $0.54 EPS compared to the consensus estimate of $0.78.
• As of now, several analyst reports have given Deutsche Bank an average rating of "Moderate Buy," with various upgrades and downgrades noted in recent months.

Vanguard Group Inc. lifted its position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 0.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,404,821 shares of the bank's stock after acquiring an additional 370,319 shares during the period. Vanguard Group Inc. owned approximately 3.99% of Deutsche Bank Aktiengesellschaft worth $1,892,773,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Deutsche Bank Aktiengesellschaft by 21.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock worth $57,000 after acquiring an additional 424 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 4.1% during the 1st quarter. Ballentine Partners LLC now owns 17,356 shares of the bank's stock worth $414,000 after acquiring an additional 680 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Deutsche Bank Aktiengesellschaft by 3.9% during the 4th quarter. Cetera Investment Advisers now owns 19,438 shares of the bank's stock worth $331,000 after acquiring an additional 738 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 96.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock worth $39,000 after acquiring an additional 800 shares in the last quarter. Finally, Sequoia Financial Advisors LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock worth $360,000 after acquiring an additional 900 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB traded up $0.08 during midday trading on Tuesday, reaching $36.29. 1,936,196 shares of the stock were exchanged, compared to its average volume of 2,845,714. Deutsche Bank Aktiengesellschaft has a twelve month low of $14.42 and a twelve month high of $36.46. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. The company has a market cap of $72.29 billion, a P/E ratio of 13.80, a PEG ratio of 0.44 and a beta of 1.02. The stock's 50 day simple moving average is $30.45 and its 200 day simple moving average is $26.01.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted 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 analyst estimates of $7.80 billion. On average, sell-side analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on DB. Bank of America began coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a "buy" rating for the company. Cfra Research raised shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Kepler Capital Markets cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Finally, Citigroup reaffirmed a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Company 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.