Ninety One North America Inc. Purchases New Position in Deutsche Bank Aktiengesellschaft $DB

Ninety One North America Inc. acquired a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 103,739 shares of the bank’s stock, valued at approximately $3,755,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Mather Group LLC. boosted its position in Deutsche Bank Aktiengesellschaft by 23,817.6% in the third quarter. Mather Group LLC. now owns 4,066 shares of the bank’s stock valued at $146,000 after buying an additional 4,049 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at $29,000. Farther Finance Advisors LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at $462,000. Artemis Investment Management LLP boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 242.2% during the 3rd quarter. Artemis Investment Management LLP now owns 4,997,095 shares of the bank’s stock valued at $180,435,000 after acquiring an additional 3,536,604 shares in the last quarter. Finally, Valeo Financial Advisors LLC grew its position in Deutsche Bank Aktiengesellschaft by 16.4% during the 3rd quarter. Valeo Financial Advisors LLC now owns 11,352 shares of the bank’s stock worth $407,000 after acquiring an additional 1,596 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Down 0.4%

Shares of NYSE DB traded down $0.12 during trading on Thursday, reaching $32.67. The company had a trading volume of 1,473,715 shares, compared to its average volume of 2,744,190. The stock has a market cap of $63.39 billion, a P/E ratio of 8.71, a PEG ratio of 0.47 and a beta of 1.00. The company’s fifty day moving average price is $37.77 and its 200-day moving average price is $34.87. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 1.35. Deutsche Bank Aktiengesellschaft has a 12 month low of $28.12 and a 12 month high of $41.62.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings data on Thursday, July 30th. The bank reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.25). The company had revenue of $9.68 billion for 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%. As a group, research analysts expect that Deutsche Bank Aktiengesellschaft will post 3.85 earnings per share for the current year.

Wall Street Analysts Forecast Growth

DB has been the subject of a number of recent research reports. Warburg Research reaffirmed a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 7th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. restated a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, October 5th. UBS Group reaffirmed a “buy” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Thursday, July 30th. Finally, Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a “hold” rating to a “strong sell” rating in a report on Tuesday. Ten analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.