7,677 Shares in Deutsche Bank Aktiengesellschaft $DB Acquired by Ground Swell Capital LLC

Key Points

• Ground Swell Capital LLC acquired 7,677 shares of Deutsche Bank Aktiengesellschaft ($DB) valued at approximately $225,000 during the second quarter.
• Institutional investors and hedge funds now own 27.90% of Deutsche Bank's stock, with several other firms also increasing their stakes recently.
• Analysts have varying ratings on Deutsche Bank, with one Strong Buy, four Buy, five Hold, and one Sell rating, reflecting a mixed outlook for the stock.

Ground Swell Capital LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,677 shares of the bank's stock, valued at approximately $225,000.

A number of other large investors also recently added to or reduced their stakes in DB. Opal Wealth Advisors LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth about $25,000. Zions Bancorporation National Association UT bought a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter worth about $39,000. Farther Finance Advisors LLC boosted its position in Deutsche Bank Aktiengesellschaft by 46.5% during the second quarter. Farther Finance Advisors LLC now owns 2,387 shares of the bank's stock valued at $70,000 after purchasing an additional 758 shares during the last quarter. Founders Capital Management bought a new position in shares of Deutsche Bank Aktiengesellschaft in the second quarter valued at $73,000. Finally, AdvisorNet Financial Inc acquired a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at about $90,000. 27.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Morgan Stanley restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Barclays raised Deutsche Bank Aktiengesellschaft to a "strong-buy" rating in a research note on Friday, October 10th. The Goldman Sachs Group cut shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 26th. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Trading Up 0.6%

NYSE DB opened at $33.40 on Friday. The business's 50-day moving average price is $35.56 and its two-hundred day moving average price is $30.91. 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 12 month low of $16.02 and a 12 month high of $37.86. The firm has a market capitalization of $66.52 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 1.04 and a beta of 0.98.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.80 billion. On average, analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft Company 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.

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