Zurich Insurance Group Ltd FI Invests $8.28 Million in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Zurich Insurance Group Ltd FI has made a new investment in Deutsche Bank, purchasing 351,003 shares valued at approximately $8,279,000 in the first quarter.
• Deutsche Bank's stock saw a 1.5% increase and is currently trading at $35.72, with a 52-week range between $15.20 and $37.54.
• The bank reported earnings of $0.54 per share for the quarter, missing estimates, but exceeded revenue expectations with $9.21 billion.

Zurich Insurance Group Ltd FI purchased a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 351,003 shares of the bank's stock, valued at approximately $8,279,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Signature Estate & Investment Advisors LLC purchased a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter worth approximately $203,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Deutsche Bank Aktiengesellschaft by 149.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 225,872 shares of the bank's stock worth $5,324,000 after purchasing an additional 135,224 shares in the last quarter. Edmond DE Rothschild Holding S.A. purchased a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter worth approximately $315,000. AQR Capital Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 15.9% in the 1st quarter. AQR Capital Management LLC now owns 126,101 shares of the bank's stock worth $3,005,000 after purchasing an additional 17,262 shares in the last quarter. Finally, Aprio Wealth Management LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 30.7% in the 1st quarter. Aprio Wealth Management LLC now owns 25,008 shares of the bank's stock worth $596,000 after purchasing an additional 5,870 shares in the last quarter. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Trading Up 0.3%

Shares of DB stock traded up $0.10 on Friday, hitting $37.15. 1,553,865 shares of the company's stock traded hands, compared to its average volume of 2,385,694. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. Deutsche Bank Aktiengesellschaft has a one year low of $16.02 and a one year high of $37.54. The company's fifty day simple moving average is $33.94 and its 200 day simple moving average is $28.52. The stock has a market capitalization of $74.00 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 0.45 and a beta of 1.03.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released 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 net margin of 7.67% and a return on equity of 6.01%. The business had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. Equities analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. The Goldman Sachs Group lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. Morgan Stanley reissued an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, September 2nd. Kepler Capital Markets lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Finally, Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating on the stock. Four 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 company. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has a consensus rating of "Hold".

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.