MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 135,224 Shares of Deutsche Bank Aktiengesellschaft $DB

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 149.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 225,872 shares of the bank’s stock after purchasing an additional 135,224 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Deutsche Bank Aktiengesellschaft were worth $5,324,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Deutsche Bank Aktiengesellschaft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank’s stock worth $1,892,773,000 after purchasing an additional 370,319 shares during the last quarter. Deutsche Bank AG increased its holdings in Deutsche Bank Aktiengesellschaft by 10.0% in the first quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock worth $1,135,808,000 after purchasing an additional 4,322,086 shares in the last quarter. GQG Partners LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the first quarter worth approximately $470,716,000. Invesco Ltd. increased its stake in shares of Deutsche Bank Aktiengesellschaft by 0.3% in the 1st quarter. Invesco Ltd. now owns 4,165,414 shares of the bank’s stock valued at $99,262,000 after acquiring an additional 14,099 shares in the last quarter. Finally, Appaloosa LP bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $89,362,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Up 2.3%

Shares of NYSE:DB opened at $37.05 on Friday. The stock has a market cap of $73.81 billion, a price-to-earnings ratio of 14.09, a PEG ratio of 0.44 and a beta of 1.03. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. Deutsche Bank Aktiengesellschaft has a 12-month low of $15.57 and a 12-month high of $37.54. The business’s 50 day moving average is $33.78 and its 200 day moving average is $28.42.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its quarterly earnings data 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). The firm had revenue of $9.21 billion for the quarter, compared to analysts’ expectations of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. On average, sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Kepler Capital Markets lowered shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 28th. Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a “buy” rating for the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, September 2nd. Finally, The Goldman Sachs Group lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Tuesday, August 26th. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

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.