Allspring Global Investments Holdings LLC Sells 65,479 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• Allspring Global Investments Holdings LLC significantly reduced its stake in Deutsche Bank Aktiengesellschaft by 60.8% in Q2, selling 65,479 shares, leaving them with only 42,240 shares valued at approximately $1.25 million.
• Several institutional investors, including Farther Finance Advisors LLC and Opal Wealth Advisors LLC, have recently either boosted or initiated new positions in Deutsche Bank, indicating changing sentiment among investors.
• Deutsche Bank Aktiengesellschaft's most recent earnings report revealed earnings per share of $0.54, missing analyst expectations by $0.24, although their revenue exceeded projections at $9.21 billion.

Allspring Global Investments Holdings LLC lowered its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 60.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,240 shares of the bank's stock after selling 65,479 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Deutsche Bank Aktiengesellschaft were worth $1,252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth approximately $25,000. Farther Finance Advisors LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 96.5% in the 1st 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 in the last quarter. Zions Bancorporation National Association UT bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 1st quarter worth about $39,000. Founders Capital Management acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth about $73,000. Finally, AdvisorNet Financial Inc bought a new position in Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at about $90,000. 27.90% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DB. Jefferies Financial Group assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday. They issued a "hold" rating for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. Morgan Stanley restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Finally, Kepler Capital Markets cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock opened at $33.20 on Thursday. Deutsche Bank Aktiengesellschaft has a 52 week low of $16.02 and a 52 week high of $37.86. The company has a market capitalization of $66.13 billion, a price-to-earnings ratio of 12.62, a PEG ratio of 1.03 and a beta of 0.98. The company has a 50-day simple moving average of $35.63 and a 200 day simple moving average of $30.81. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its 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). The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. On average, sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share 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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