Maverick Capital Ltd. Acquires New Position in Deutsche Bank Aktiengesellschaft $DB

Maverick Capital Ltd. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,799 shares of the bank’s stock, valued at approximately $691,000.

Several other large investors have also recently modified their holdings of DB. Triumph Capital Management bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the third quarter valued at approximately $32,000. Geneos Wealth Management Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 178.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,376 shares of the bank’s stock valued at $40,000 after buying an additional 881 shares in the last quarter. Advisory Services Network LLC purchased a new position in Deutsche Bank Aktiengesellschaft in the 3rd quarter valued at approximately $59,000. GHP Investment Advisors Inc. bought a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at $64,000. Finally, Advocate Investing Services LLC purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth $93,000. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Oddo Bhf raised Deutsche Bank Aktiengesellschaft to an “outperform” rating in a report on Friday, May 8th. Keefe, Bruyette & Woods raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Thursday, July 9th. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings lowered Deutsche Bank Aktiengesellschaft from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 2nd. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus rating of “Hold” and an average price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Down 0.4%

Shares of NYSE:DB opened at $35.37 on Wednesday. The firm has a fifty day moving average price of $34.15 and a two-hundred day moving average price of $33.95. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.74 and a quick ratio of 0.74. Deutsche Bank Aktiengesellschaft has a one year low of $28.12 and a one year high of $40.43. The company has a market cap of $68.63 billion, a price-to-earnings ratio of 9.74, a PEG ratio of 0.49 and a beta of 0.94.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, July 30th. The bank reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.26). The firm had revenue of $9.68 billion for the quarter, compared to analysts’ expectations of $9.30 billion. Deutsche Bank Aktiengesellschaft had a net margin of 10.43% and a return on equity of 7.69%. Analysts anticipate that Deutsche Bank Aktiengesellschaft will post 3.91 EPS for the current fiscal year.

About Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft is a global banking and financial services company headquartered in Frankfurt, Germany. Founded in 1870 to support German foreign trade, the firm has grown into a full-service bank offering a wide range of banking, advisory and transaction services to corporate, institutional, and private clients. Over its history the bank has expanded internationally and developed capabilities across capital markets, investment banking, retail and commercial banking, and wealth management.

The bank’s core business activities include corporate and investment banking—covering financing, advisory, sales and trading, and capital markets services—along with private & commercial banking for individual and small-to-medium enterprise clients.