Ninety One UK Ltd Makes New $222.36 Million Investment in Deutsche Bank Aktiengesellschaft $DB

Ninety One UK Ltd acquired a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 6,143,638 shares of the bank’s stock, valued at approximately $222,362,000.

Several other large investors also recently bought and sold shares of DB. GAMMA Investing LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft by 51.6% in the second quarter. GAMMA Investing LLC now owns 814 shares of the bank’s stock worth $27,000 after acquiring an additional 277 shares during the period. Triumph Capital Management increased its position in Deutsche Bank Aktiengesellschaft by 4.8% during the second quarter. Triumph Capital Management now owns 8,673 shares of the bank’s stock valued at $293,000 after acquiring an additional 399 shares during the last quarter. Greenleaf Trust lifted its holdings in Deutsche Bank Aktiengesellschaft by 6.2% in the second quarter. Greenleaf Trust now owns 9,999 shares of the bank’s stock valued at $338,000 after acquiring an additional 587 shares during the period. Versant Capital Management Inc lifted its holdings in Deutsche Bank Aktiengesellschaft by 2.8% in the second quarter. Versant Capital Management Inc now owns 22,407 shares of the bank’s stock valued at $756,000 after acquiring an additional 612 shares during the period. Finally, Byrne Asset Management LLC bought a new position in Deutsche Bank Aktiengesellschaft in the third quarter valued at about $34,000. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock traded down $0.09 during mid-day trading on Thursday, reaching $32.71. 1,490,343 shares of the company’s stock traded hands, compared to its average volume of 2,744,555. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $63.45 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 0.47 and a beta of 1.00. Deutsche Bank Aktiengesellschaft has a 12 month low of $28.12 and a 12 month high of $41.62. The firm has a 50 day moving average price of $37.77 and a two-hundred day moving average price of $34.87.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Thursday, July 30th. The bank reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). The company had revenue of $9.68 billion during the quarter, compared to the consensus estimate of $9.30 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 8.46% and a net margin of 11.53%. On average, research analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.85 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on DB shares. DZ Bank reissued a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Deutsche Bank Aktiengesellschaft from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, July 29th. Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 20th. UBS Group reiterated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Finally, Keefe, Bruyette & Woods raised shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, July 9th. Ten investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus rating of “Moderate Buy” and an average price target of $43.00.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a Germany-based global financial services company headquartered in Frankfurt. Founded in 1870, the bank serves corporations, institutions, governments, entrepreneurs and private clients through a broad range of banking and financial services.

Its principal business areas include Corporate Bank, Investment Bank, Private Bank and Asset Management. Services include transaction banking, lending, cash management, trade finance, investment banking, securities trading, wealth management, retail banking and asset management.