Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 85.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,719 shares of the bank's stock after selling 622,824 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Deutsche Bank Aktiengesellschaft were worth $2,544,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in Deutsche Bank Aktiengesellschaft by 68.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank's stock worth $567,000 after acquiring an additional 9,684 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock valued at $360,000 after buying an additional 900 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $6,464,000. Oppenheimer & Co. Inc. lifted its position in shares of Deutsche Bank Aktiengesellschaft by 45.3% during the first quarter. Oppenheimer & Co. Inc. now owns 94,531 shares of the bank's stock valued at $2,253,000 after buying an additional 29,451 shares during the last quarter. Finally, Gemsstock Ltd. acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at about $15,498,000. Hedge funds and other institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB traded up $0.49 during midday trading on Tuesday, hitting $29.40. The company's stock had a trading volume of 2,858,699 shares, compared to its average volume of 2,542,295. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.70 and a fifty-two week high of $30.50. The firm's 50 day moving average is $27.96 and its 200-day moving average is $23.46. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market cap of $58.57 billion, a P/E ratio of 17.50, a P/E/G ratio of 0.37 and a beta of 0.97.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The bank reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.19. The business had revenue of $8.97 billion for the quarter, compared to analysts' expectations of $7.95 billion. Deutsche Bank Aktiengesellschaft had a net margin of 5.76% and a return on equity of 4.61%. Equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DB. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Finally, Bank of America started coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating on the stock. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".

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.