Ieq Capital LLC Purchases New Stake in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Ieq Capital LLC has invested approximately $273,000 in Deutsche Bank Aktiengesellschaft, acquiring 11,443 shares as reported in their latest SEC disclosure.
• During the first quarter, other institutional investors like Wealth Enhancement Advisory Services LLC and Jefferies Financial Group Inc. significantly increased their holdings in Deutsche Bank, indicating growing interest from hedge funds.
• Analysts have mixed ratings for Deutsche Bank Aktiengesellschaft, with a consensus rating of "Hold", and some institutions changing their ratings from "buy" to "neutral."

Ieq Capital LLC purchased a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,443 shares of the bank's stock, valued at approximately $273,000.

Other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in Deutsche Bank Aktiengesellschaft by 68.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,763 shares of the bank's stock valued at $567,000 after acquiring an additional 9,684 shares during the last quarter. Jefferies Financial Group Inc. acquired a new stake in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at about $2,308,000. LPL Financial LLC grew its stake in Deutsche Bank Aktiengesellschaft by 139.4% in the 1st quarter. LPL Financial LLC now owns 70,463 shares of the bank's stock valued at $1,679,000 after acquiring an additional 41,028 shares during the last quarter. Sequoia Financial Advisors LLC grew 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 valued at $360,000 after acquiring an additional 900 shares during the last quarter. Finally, Korea Investment CORP grew its stake in Deutsche Bank Aktiengesellschaft by 27.9% in the 1st quarter. Korea Investment CORP now owns 2,106,195 shares of the bank's stock valued at $49,643,000 after acquiring an additional 459,049 shares during the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Trading Up 1.4%

Shares of DB traded up $0.52 during mid-day trading on Wednesday, hitting $36.22. The company had a trading volume of 2,331,391 shares, compared to its average volume of 3,204,324. The business's 50-day simple moving average is $33.48 and its 200-day simple moving average is $28.25. 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 1-year low of $15.20 and a 1-year high of $37.54. The stock has a market cap of $72.14 billion, a PE ratio of 13.77, a P/E/G ratio of 0.43 and a beta of 1.03.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its 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). Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%.The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $7.80 billion. Sell-side analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DB. Citigroup reissued a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Bank of America started coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a "buy" rating on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 22nd. Finally, The Goldman Sachs Group cut shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research note on Tuesday, August 26th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold".

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.