Janney Montgomery Scott LLC Lowers Stock Holdings in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Janney Montgomery Scott LLC has reduced its holdings in Deutsche Bank Aktiengesellschaft by 14.8%, owning 56,143 shares valued at approximately $1.64 million at the end of the second quarter.
• Multiple hedge funds have adjusted their positions in Deutsche Bank, with Wealth Enhancement Advisory Services LLC increasing its stake by 68.8% and LPL Financial LLC raising theirs by 139.4%.
• Analysts have mixed ratings on Deutsche Bank, with ratings varying from Buy to Sell, resulting in a consensus rating of "Hold."

Janney Montgomery Scott LLC lowered its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 14.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,143 shares of the bank's stock after selling 9,758 shares during the quarter. Janney Montgomery Scott LLC's holdings in Deutsche Bank Aktiengesellschaft were worth $1,644,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft by 68.8% in the first 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 in the last quarter. Jefferies Financial Group Inc. acquired a new stake in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $2,308,000. Northern Trust Corp increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 4.7% in the first quarter. Northern Trust Corp now owns 1,504,175 shares of the bank's stock valued at $35,844,000 after purchasing an additional 66,892 shares during the last quarter. LPL Financial LLC increased its stake in Deutsche Bank Aktiengesellschaft by 139.4% during the first quarter. LPL Financial LLC now owns 70,463 shares of the bank's stock worth $1,679,000 after acquiring an additional 41,028 shares during the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in Deutsche Bank Aktiengesellschaft by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock worth $360,000 after acquiring an additional 900 shares during the last quarter. Hedge funds and other institutional investors own 27.90% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Weiss Ratings restated a "buy (b)" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Wednesday. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Morgan Stanley restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Finally, The Goldman Sachs Group cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 26th. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Price Performance

DB stock opened at $34.56 on Friday. Deutsche Bank Aktiengesellschaft has a 1 year low of $16.02 and a 1 year high of $37.86. 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 stock's 50 day moving average price is $35.79 and its 200 day moving average price is $30.26. The firm has a market cap of $68.85 billion, a P/E ratio of 13.14, a PEG ratio of 0.42 and a beta of 0.98.

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 for the quarter, missing the consensus estimate of $0.78 by ($0.24). The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. On average, sell-side 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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