Apollon Wealth Management LLC Acquires New Holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Apollon Wealth Management LLC purchased a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 8,880 shares of the bank's stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of DB. Norges Bank bought a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter valued at $773,016,000. Franklin Resources Inc. lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 199.8% during the 4th quarter. Franklin Resources Inc. now owns 12,931,689 shares of the bank's stock worth $222,715,000 after purchasing an additional 8,617,662 shares during the last quarter. Capital International Investors raised its stake in Deutsche Bank Aktiengesellschaft by 9.4% in the fourth quarter. Capital International Investors now owns 87,660,818 shares of the bank's stock valued at $1,510,097,000 after buying an additional 7,558,488 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 18.7% in the fourth quarter. Marshall Wace LLP now owns 15,034,039 shares of the bank's stock valued at $258,903,000 after purchasing an additional 2,369,480 shares during the period. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 72.3% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 5,400,467 shares of the bank's stock worth $93,054,000 after acquiring an additional 2,266,996 shares during the period. 27.90% of the stock is currently owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE DB traded up $2.56 during trading on Thursday, reaching $33.84. The company's stock had a trading volume of 4,740,017 shares, compared to its average volume of 3,333,189. The firm has a 50 day moving average price of $28.64 and a 200 day moving average price of $24.40. Deutsche Bank Aktiengesellschaft has a 12 month low of $13.70 and a 12 month high of $34.14. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. The firm has a market capitalization of $67.40 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 0.39 and a beta of 0.97.

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 $0.83 by ($0.29). Deutsche Bank Aktiengesellschaft had a return on equity of 4.61% and a net margin of 5.76%. As a group, equities analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on DB shares. Cfra Research raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating for the company. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

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.