Westerkirk Capital Inc. Makes New $1.68 Million Investment in Deutsche Bank Aktiengesellschaft $DB

Westerkirk Capital Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 57,440 shares of the bank’s stock, valued at approximately $1,682,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 0.5% during the first quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank’s stock valued at $1,892,773,000 after acquiring an additional 370,319 shares during the period. Deutsche Bank AG grew its holdings in Deutsche Bank Aktiengesellschaft by 10.0% during the first quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock valued at $1,135,808,000 after purchasing an additional 4,322,086 shares during the period. Fisher Asset Management LLC raised its stake in Deutsche Bank Aktiengesellschaft by 35.0% during the 2nd quarter. Fisher Asset Management LLC now owns 25,471,401 shares of the bank’s stock worth $745,803,000 after buying an additional 6,605,750 shares during the period. Norges Bank acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth about $719,395,000. Finally, GQG Partners LLC bought a new position in Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $470,716,000. Institutional investors and hedge funds own 27.90% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DB. Jefferies Financial Group began coverage on Deutsche Bank Aktiengesellschaft in a report on Monday, October 20th. They issued a “hold” rating on the stock. Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. Barclays raised Deutsche Bank Aktiengesellschaft to a “strong-buy” rating in a report on Friday, October 10th. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, November 24th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft currently has a consensus rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Down 0.7%

Shares of Deutsche Bank Aktiengesellschaft stock opened at $35.33 on Tuesday. The firm’s 50 day moving average is $35.30 and its 200 day moving average is $33.09. The firm has a market capitalization of $70.38 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 1.12 and a beta of 1.02. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. Deutsche Bank Aktiengesellschaft has a 1 year low of $16.60 and a 1 year high of $38.78.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings results on Wednesday, October 29th. The bank reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.16. The company had revenue of $9.44 billion during the quarter, compared to analysts’ expectations of $7.75 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.13% and a net margin of 7.99%. Equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Deutsche Bank Aktiengesellschaft 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.