Cary Street Partners Financial LLC Acquires New Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Key Points

• Cary Street Partners Financial LLC has acquired a new position in Deutsche Bank Aktiengesellschaft, purchasing 9,168 shares valued at approximately $218,000.
• Several institutional investors have significantly increased their holdings in Deutsche Bank, with GAMMA Investing LLC raising its stake by 2,319.7% during the first quarter.
• Deutsche Bank recently reported $0.54 earnings per share for the quarter, missing the consensus estimate, while its revenue reached $9.21 billion, exceeding expectations.

Cary Street Partners Financial LLC bought a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,168 shares of the bank's stock, valued at approximately $218,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LPL Financial LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 21.6% during the fourth quarter. LPL Financial LLC now owns 29,435 shares of the bank's stock worth $502,000 after acquiring an additional 5,237 shares during the period. Envestnet Asset Management Inc. increased its holdings in Deutsche Bank Aktiengesellschaft by 13.4% during the 4th quarter. Envestnet Asset Management Inc. now owns 260,644 shares of the bank's stock worth $4,444,000 after purchasing an additional 30,859 shares in the last quarter. Cerity Partners LLC raised its stake in shares of Deutsche Bank Aktiengesellschaft by 9.0% in the 4th quarter. Cerity Partners LLC now owns 107,220 shares of the bank's stock valued at $1,833,000 after purchasing an additional 8,839 shares during the period. Invesco Ltd. lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 2.7% in the fourth quarter. Invesco Ltd. now owns 4,151,315 shares of the bank's stock valued at $70,780,000 after purchasing an additional 110,295 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth about $6,464,000. 27.90% of the stock is owned by institutional investors.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of Deutsche Bank Aktiengesellschaft stock traded down $0.11 during trading on Wednesday, hitting $36.19. 2,609,148 shares of the stock were exchanged, compared to its average volume of 3,288,922. Deutsche Bank Aktiengesellschaft has a 1-year low of $14.71 and a 1-year high of $36.51. 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 stock has a market capitalization of $72.09 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 0.44 and a beta of 1.02. The company has a fifty day moving average price of $30.45 and a 200-day moving average price of $26.01.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $7.80 billion. As a group, equities analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Cfra Research raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They issued a "buy" rating on the stock. Kepler Capital Markets lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Finally, Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus 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.