Magnus Financial Group LLC Makes New $237,000 Investment in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Magnus Financial Group LLC has made a new investment in Deutsche Bank Aktiengesellschaft, purchasing 8,097 shares valued at approximately $237,000.
• Several institutional investors have also increased their stakes in Deutsche Bank, with 27.90% of the stock now owned by such entities.
• Analysts have mixed views on Deutsche Bank, with ratings ranging from buy to sell, giving the stock an average rating of "Hold".

Magnus Financial Group LLC bought a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 8,097 shares of the bank's stock, valued at approximately $237,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DB. Contravisory Investment Management Inc. increased its stake in Deutsche Bank Aktiengesellschaft by 2.9% in the 2nd quarter. Contravisory Investment Management Inc. now owns 12,223 shares of the bank's stock worth $358,000 after acquiring an additional 346 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its position in Deutsche Bank Aktiengesellschaft by 21.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock worth $57,000 after purchasing an additional 424 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in Deutsche Bank Aktiengesellschaft by 2.2% during the first quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank's stock valued at $522,000 after purchasing an additional 477 shares in the last quarter. Ballentine Partners LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 4.1% in the 1st quarter. Ballentine Partners LLC now owns 17,356 shares of the bank's stock worth $414,000 after buying an additional 680 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 6.5% in the 2nd quarter. Parallel Advisors LLC now owns 11,286 shares of the bank's stock worth $330,000 after buying an additional 692 shares during the last quarter. 27.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DB. Wall Street Zen downgraded shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a report on Saturday, July 26th. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Bank of America began coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a "buy" rating for the company. Finally, The Goldman Sachs Group downgraded shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research note on Tuesday, August 26th. Four 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. According to data from MarketBeat, the stock currently has an average rating of "Hold".

Deutsche Bank Aktiengesellschaft Trading Up 1.3%

NYSE DB opened at $35.69 on Friday. The stock has a market cap of $71.10 billion, a PE ratio of 13.57, a PEG ratio of 0.43 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a 12 month low of $16.02 and a 12 month high of $37.86. The company's 50-day moving average price is $35.23 and its 200-day moving average price is $29.47. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The company 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%. Equities research analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

About Deutsche Bank Aktiengesellschaft

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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