Ascent Group LLC purchased a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 8,172 shares of the bank's stock, valued at approximately $239,000.
A number of other institutional investors have also bought and sold shares of DB. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 68.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank's stock valued at $567,000 after purchasing an additional 9,684 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 1st quarter valued at about $2,308,000. Northern Trust Corp boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.7% during the 1st quarter. Northern Trust Corp now owns 1,504,175 shares of the bank's stock valued at $35,844,000 after purchasing an additional 66,892 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 139.4% during the 1st quarter. LPL Financial LLC now owns 70,463 shares of the bank's stock valued at $1,679,000 after purchasing an additional 41,028 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 6.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock valued at $360,000 after purchasing an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. Kepler Capital Markets downgraded shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday. Citigroup reaffirmed a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Finally, Zacks Research downgraded shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Five investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft currently has a consensus rating of "Hold".
Check Out Our Latest Stock Report on Deutsche Bank Aktiengesellschaft
Deutsche Bank Aktiengesellschaft Stock Performance
Shares of DB stock opened at $35.34 on Thursday. The firm has a market cap of $70.40 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 0.43 and a beta of 0.98. The company's 50 day moving average is $35.71 and its 200 day moving average is $30.09. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.02 and a 52-week high of $37.86.
Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.24). The business had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. On average, sell-side analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.
Deutsche Bank Aktiengesellschaft Profile
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Free Report)
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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