Maverick Capital Ltd. Invests $691,000 in Deutsche Bank Aktiengesellschaft $DB

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

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Deutsche Bank Aktiengesellschaft in the fourth quarter valued at approximately $532,397,000. Amundi lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 22.0% in the 3rd quarter. Amundi now owns 49,597,003 shares of the bank’s stock worth $1,732,919,000 after purchasing an additional 8,932,484 shares in the last quarter. AQR Capital Management LLC grew its position in Deutsche Bank Aktiengesellschaft by 2,731.8% in the 4th quarter. AQR Capital Management LLC now owns 7,969,257 shares of the bank’s stock valued at $309,477,000 after purchasing an additional 7,687,841 shares during the period. Credit Agricole S A bought a new stake in Deutsche Bank Aktiengesellschaft during the 3rd quarter valued at $237,336,000. Finally, Viking Global Investors LP acquired a new position in Deutsche Bank Aktiengesellschaft during the third quarter worth $214,593,000. 27.90% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Citigroup reiterated a “neutral” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 20th. Barclays lowered shares of Deutsche Bank Aktiengesellschaft from an “overweight” rating to an “equal weight” rating in a report on Monday, April 20th. Keefe, Bruyette & Woods upgraded Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Thursday, July 9th. Morgan Stanley reissued an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Thursday, July 2nd. Finally, Bank of America set a $43.00 price objective on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $43.00.

Deutsche Bank Aktiengesellschaft Stock Down 0.4%

Shares of NYSE:DB opened at $35.37 on Wednesday. Deutsche Bank Aktiengesellschaft has a 1 year low of $28.12 and a 1 year high of $40.43. The company has a market capitalization of $68.63 billion, a PE ratio of 9.74, a price-to-earnings-growth ratio of 0.49 and a beta of 0.94. The business 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 (NYSE:DB) last released its 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 business 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 7.69% and a net margin of 10.43%. Analysts forecast that Deutsche Bank Aktiengesellschaft will post 3.91 earnings per share for the current 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.