Wellington Management Group LLP Has $47.03 Million Stake in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Wellington Management Group LLP increased its holdings in Deutsche Bank by 301.7%, acquiring a total of 1,995,258 shares valued at $47 million during the first quarter.
• Other institutional investors also significantly increased their stakes, with GAMMA Investing LLC raising its position by 2,319.7%, indicating strong interest in Deutsche Bank's stock.
• Despite a reported earnings miss of $0.54 EPS against an expected $0.78, Deutsche Bank saw higher quarterly revenue at $9.21 billion, surpassing analysts' forecasts.

Wellington Management Group LLP grew its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 301.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,995,258 shares of the bank's stock after purchasing an additional 1,498,577 shares during the quarter. Wellington Management Group LLP owned approximately 0.10% of Deutsche Bank Aktiengesellschaft worth $47,028,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. MetLife Investment Management LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 31.7% in the fourth quarter. MetLife Investment Management LLC now owns 221,444 shares of the bank's stock valued at $3,815,000 after purchasing an additional 53,277 shares in the last quarter. Stifel Financial Corp grew its holdings in Deutsche Bank Aktiengesellschaft by 16.9% during the fourth quarter. Stifel Financial Corp now owns 65,935 shares of the bank's stock worth $1,124,000 after acquiring an additional 9,514 shares during the period. Voya Investment Management LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 1.8% during the fourth quarter. Voya Investment Management LLC now owns 322,644 shares of the bank's stock worth $5,559,000 after acquiring an additional 5,725 shares during the period. Tudor Investment Corp ET AL acquired a new stake in Deutsche Bank Aktiengesellschaft during the fourth quarter worth about $1,915,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Deutsche Bank Aktiengesellschaft by 3.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 833,510 shares of the bank's stock worth $14,434,000 after purchasing an additional 24,224 shares during the period. Hedge funds and other institutional investors own 27.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DB shares. Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating for the company. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, The Goldman Sachs Group downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research report on Tuesday. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Trading Up 1.0%

DB traded up $0.36 during trading on Thursday, hitting $35.40. 1,845,183 shares of the company's stock were exchanged, compared to its average volume of 3,236,939. The firm has a market cap of $70.51 billion, a P/E ratio of 13.46, a price-to-earnings-growth ratio of 0.45 and a beta of 1.02. The stock has a 50 day moving average price of $32.35 and a 200 day moving average price of $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 has a 1 year low of $15.20 and a 1 year high of $37.54.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings results 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). 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 the consensus estimate of $7.80 billion. As a group, analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS 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.