LPL Financial LLC Acquires 41,028 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• LPL Financial LLC significantly increased its stake in Deutsche Bank Aktiengesellschaft by 139.4%, acquiring 41,028 additional shares, bringing its total holdings to 70,463 shares valued at approximately $1.68 million.
• Several other institutional investors, including Farther Finance Advisors LLC and GAMMA Investing LLC, have also increased their positions in Deutsche Bank, reflecting a growing institutional interest.
• Deutsche Bank recently reported earnings that missed analysts' expectations, with an earnings per share (EPS) of $0.54, while revenue exceeded estimates at $9.21 billion for the quarter.

LPL Financial LLC lifted its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 139.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,463 shares of the bank's stock after purchasing an additional 41,028 shares during the quarter. LPL Financial LLC's holdings in Deutsche Bank Aktiengesellschaft were worth $1,679,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. TD Asset Management Inc lifted its holdings in Deutsche Bank Aktiengesellschaft by 12.5% in the first quarter. TD Asset Management Inc now owns 619,541 shares of the bank's stock valued at $14,605,000 after acquiring an additional 68,992 shares during the period. Phoenix Financial Ltd. purchased a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter worth about $266,000. Assetmark Inc. increased its holdings in Deutsche Bank Aktiengesellschaft by 1,054.3% in the first quarter. Assetmark Inc. now owns 246,430 shares of the bank's stock worth $5,872,000 after buying an additional 225,082 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Deutsche Bank Aktiengesellschaft by 120.4% in the first quarter. Cetera Investment Advisers now owns 42,833 shares of the bank's stock valued at $1,021,000 after acquiring an additional 23,395 shares during the period. Finally, Pinnacle Associates Ltd. acquired a new stake in Deutsche Bank Aktiengesellschaft during the first quarter worth $745,000. Institutional investors and hedge funds own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB traded down $0.32 during mid-day trading on Tuesday, reaching $36.62. 1,612,968 shares of the stock were exchanged, compared to its average volume of 3,234,658. 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 capitalization of $72.95 billion, a P/E ratio of 13.93, a P/E/G ratio of 0.45 and a beta of 1.02. The company has a 50 day simple moving average of $32.01 and a 200-day simple moving average of $27.13.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last posted 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). Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. The firm had revenue of $9.21 billion for the quarter, compared to analysts' expectations of $7.80 billion. Analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DB shares. Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They set a "buy" rating on the stock. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Zacks Research lowered shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday. Finally, Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

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.