HighTower Advisors LLC Purchases Shares of 53,865 Deutsche Bank Aktiengesellschaft $DB

Key Points

• HighTower Advisors LLC acquired a stake in Deutsche Bank Aktiengesellschaft, purchasing 53,865 shares valued at approximately $1,284,000 in the first quarter of this year.
• Multiple institutional investors increased their holdings in Deutsche Bank, with Federated Hermes Inc. boosting its stake by 651.9% during the same period.
• Analysts have given Deutsche Bank Aktiengesellschaft an average rating of "Moderate Buy," with one strong buy, four buy, two hold, and one sell ratings issued.

HighTower Advisors LLC acquired a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 53,865 shares of the bank's stock, valued at approximately $1,284,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 79,404,821 shares of the bank's stock worth $1,892,773,000 after purchasing an additional 370,319 shares during the period. Deutsche Bank AG raised its position in shares of Deutsche Bank Aktiengesellschaft by 10.0% during the 1st quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank's stock worth $1,135,808,000 after purchasing an additional 4,322,086 shares during the period. Invesco Ltd. raised its position in shares of Deutsche Bank Aktiengesellschaft by 0.3% during the 1st quarter. Invesco Ltd. now owns 4,165,414 shares of the bank's stock worth $99,262,000 after purchasing an additional 14,099 shares during the period. Nuveen Asset Management LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 11.4% during the 4th quarter. Nuveen Asset Management LLC now owns 3,379,409 shares of the bank's stock worth $58,229,000 after purchasing an additional 345,196 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 27.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,535,464 shares of the bank's stock worth $43,230,000 after purchasing an additional 551,653 shares during the period. Institutional investors and hedge funds own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Stock Performance

DB stock traded down $0.19 on Friday, reaching $35.17. The company's stock had a trading volume of 1,827,637 shares, compared to its average volume of 2,570,104. Deutsche Bank Aktiengesellschaft has a 52 week low of $15.20 and a 52 week high of $37.54. The company has a market capitalization of $70.05 billion, a P/E ratio of 13.37, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03. The firm has a fifty day moving average of $32.65 and a two-hundred day moving average of $27.58. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its quarterly earnings results 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). The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. As a group, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DB shares. Kepler Capital Markets cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Zacks Research cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. The Goldman Sachs Group lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. Finally, Wall Street Zen lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Four investment 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's stock. According to MarketBeat, the stock has an average rating of "Hold".

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.