Evolution Wealth Advisors LLC Acquires Shares of 11,000 Deutsche Bank Aktiengesellschaft (NYSE:DB)

Key Points

• Evolution Wealth Advisors LLC purchased 11,000 shares of Deutsche Bank Aktiengesellschaft, valued at approximately $262,000, in the first quarter of the year.
• Multiple institutional investors, including Farther Finance Advisors and GAMMA Investing LLC, significantly increased their stakes in Deutsche Bank during the same period, indicating strong interest in the stock.
• Analysts have mixed ratings on Deutsche Bank, with one indicating a sell rating, while others view the stock as a moderate buy, following underwhelming earnings results compared to expectations.

Evolution Wealth Advisors LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,000 shares of the bank's stock, valued at approximately $262,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 96.5% during the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock valued at $39,000 after purchasing an additional 800 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Deutsche Bank Aktiengesellschaft by 21.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock valued at $57,000 after purchasing an additional 424 shares during the last quarter. Federated Hermes Inc. grew its holdings in Deutsche Bank Aktiengesellschaft by 651.9% during the first quarter. Federated Hermes Inc. now owns 4,910 shares of the bank's stock valued at $116,000 after purchasing an additional 4,257 shares during the last quarter. GAMMA Investing LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 2,319.7% during the first quarter. GAMMA Investing LLC now owns 6,267 shares of the bank's stock valued at $149,000 after purchasing an additional 6,008 shares during the last quarter. Finally, Sava Infond d.o.o. acquired a new position in Deutsche Bank Aktiengesellschaft during the first quarter valued at approximately $151,000. Institutional investors own 27.90% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DB. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Kepler Capital Markets downgraded 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 initiated coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating on the stock. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Finally, Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research note on Saturday, July 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft currently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Performance

DB traded up $0.64 during trading on Friday, reaching $36.26. 2,773,020 shares of the company's stock were exchanged, compared to its average volume of 2,786,628. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $14.31 and a fifty-two week high of $36.31. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. The business has a 50 day moving average price of $30.11 and a 200 day moving average price of $25.74. The company has a market capitalization of $72.23 billion, a P/E ratio of 13.79, a PEG ratio of 0.44 and a beta of 1.02.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. The business had revenue of $9.21 billion for the quarter, compared to analyst estimates of $7.80 billion. As a group, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

About Deutsche Bank Aktiengesellschaft

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.