Cerity Partners LLC Acquires 27,514 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Cerity Partners LLC grew its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 25.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 134,734 shares of the bank's stock after purchasing an additional 27,514 shares during the period. Cerity Partners LLC's holdings in Deutsche Bank Aktiengesellschaft were worth $3,211,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 21.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock valued at $57,000 after acquiring an additional 424 shares during the period. Cetera Investment Advisers increased its stake in Deutsche Bank Aktiengesellschaft by 3.9% in the 4th quarter. Cetera Investment Advisers now owns 19,438 shares of the bank's stock worth $331,000 after purchasing an additional 738 shares in the last quarter. Pitcairn Co. increased its stake in Deutsche Bank Aktiengesellschaft by 5.7% in the 4th quarter. Pitcairn Co. now owns 13,742 shares of the bank's stock worth $234,000 after purchasing an additional 740 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Deutsche Bank Aktiengesellschaft by 96.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock worth $39,000 after purchasing an additional 800 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Deutsche Bank Aktiengesellschaft by 6.3% in the 1st quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock worth $360,000 after purchasing an additional 900 shares in the last quarter. Institutional investors and hedge funds own 27.90% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on DB. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, March 24th. Cfra Research raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Finally, Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating for the company. Two 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Trading Down 0.6%

NYSE:DB traded down $0.19 during mid-day trading on Friday, hitting $29.93. The company had a trading volume of 1,729,482 shares, compared to its average volume of 2,579,409. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.70 and a fifty-two week high of $30.50. The business's fifty day moving average is $28.52 and its two-hundred day moving average is $24.17. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $59.62 billion, a P/E ratio of 17.82, a P/E/G ratio of 0.39 and a beta of 0.97.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.19. The company had revenue of $8.97 billion for the quarter, compared to analyst estimates of $7.95 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 4.61% and a net margin of 5.76%. As a group, research analysts expect 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.