Vanguard Personalized Indexing Management LLC Purchases 17,636 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Deutsche Bank Aktiengesellschaft by 11.0%, acquiring an additional 17,636 shares in the second quarter, now holding a total of 177,433 shares valued at approximately $5.2 million.
• Several brokerages have altered their ratings for Deutsche Bank, with Kepler Capital Markets and Citigroup both downgrading the stock recently, resulting in a current consensus rating of "Hold".
• Deutsche Bank reported $0.54 EPS for the last quarter, missing analyst expectations, despite revenue surpassing forecasts at $9.21 billion.

Vanguard Personalized Indexing Management LLC grew its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 11.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,433 shares of the bank's stock after acquiring an additional 17,636 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Deutsche Bank Aktiengesellschaft were worth $5,195,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at approximately $25,000. Farther Finance Advisors LLC boosted its position 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 buying an additional 800 shares during the last quarter. Zions Bancorporation National Association UT purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the first quarter valued at approximately $39,000. Founders Capital Management purchased a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at approximately $73,000. Finally, AdvisorNet Financial Inc purchased a new position 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.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DB. Kepler Capital Markets cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Weiss Ratings reissued a "buy (b)" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 26th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB opened at $35.29 on Tuesday. The firm has a market cap of $70.31 billion, a PE ratio of 13.42, a PEG ratio of 0.42 and a beta of 0.98. The stock's fifty day moving average price is $35.83 and its two-hundred day moving average price is $30.38. 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 1 year low of $16.02 and a 1 year high of $37.86.

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

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.

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