Deutsche Bank Aktiengesellschaft $DB Shares Purchased by Ashton Thomas Securities LLC

Key Points

• Ashton Thomas Securities LLC increased its stake in Deutsche Bank Aktiengesellschaft by 72.1% during the second quarter, now holding 21,839 shares valued at approximately $639,000.
• Multiple hedge funds are adjusting their investments in Deutsche Bank, with 27.90% of the stock currently owned by institutional investors.
• Analyst ratings for Deutsche Bank have been mixed, with several downgrades resulting in an average rating of "Hold" among analysts.

Ashton Thomas Securities LLC boosted its position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 72.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,839 shares of the bank's stock after acquiring an additional 9,148 shares during the quarter. Ashton Thomas Securities LLC's holdings in Deutsche Bank Aktiengesellschaft were worth $639,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. ASR Vermogensbeheer N.V. increased its stake in Deutsche Bank Aktiengesellschaft by 1.0% in the second quarter. ASR Vermogensbeheer N.V. now owns 342,122 shares of the bank's stock valued at $10,108,000 after purchasing an additional 3,524 shares during the last quarter. Founders Capital Management purchased a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $73,000. Truist Financial Corp grew its position in Deutsche Bank Aktiengesellschaft by 1.9% in the 2nd quarter. Truist Financial Corp now owns 56,816 shares of the bank's stock valued at $1,664,000 after buying an additional 1,046 shares during the last quarter. HB Wealth Management LLC purchased a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $256,000. Finally, GC Wealth Management RIA LLC purchased a new position in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $535,000. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DB has been the topic of a number of analyst reports. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Kepler Capital Markets downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating for the company. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Trading Down 0.7%

NYSE:DB opened at $35.27 on Friday. The company has a market capitalization of $70.25 billion, a PE ratio of 13.41, a price-to-earnings-growth ratio of 0.43 and a beta of 0.98. 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. The stock has a fifty day simple moving average of $35.54 and a 200-day simple moving average of $29.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $9.21 billion for the quarter, compared to analyst estimates of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. On average, equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal 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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