Oppenheimer & Co. Inc. Grows Stock Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Oppenheimer & Co. Inc. lifted its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 45.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 94,531 shares of the bank's stock after acquiring an additional 29,451 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Deutsche Bank Aktiengesellschaft were worth $2,253,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truist Financial Corp boosted its stake in Deutsche Bank Aktiengesellschaft by 4.8% in the 4th quarter. Truist Financial Corp now owns 13,801 shares of the bank's stock worth $235,000 after purchasing an additional 636 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Deutsche Bank Aktiengesellschaft by 2.9% during the 4th quarter. Bank of New York Mellon Corp now owns 3,132,515 shares of the bank's stock valued at $53,409,000 after acquiring an additional 88,606 shares during the last quarter. Lake Street Advisors Group LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 4th quarter valued at approximately $172,000. Mutual of America Capital Management LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 5.5% during the 4th quarter. Mutual of America Capital Management LLC now owns 816,855 shares of the bank's stock valued at $14,089,000 after acquiring an additional 42,779 shares during the last quarter. Finally, US Bancorp DE boosted its position in shares of Deutsche Bank Aktiengesellschaft by 4.4% during the 4th quarter. US Bancorp DE now owns 48,638 shares of the bank's stock valued at $829,000 after acquiring an additional 2,051 shares during the last quarter. 27.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research report on Wednesday, April 30th. Morgan Stanley restated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, March 7th. Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Finally, Bank of America initiated coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a "buy" rating on the stock. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $29.95 on Friday. The stock's fifty day moving average is $27.31 and its 200 day moving average is $22.82. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.70 and a fifty-two week high of $29.99. The firm has a market capitalization of $59.65 billion, a PE ratio of 17.82, a PEG ratio of 0.37 and a beta of 0.98. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued its earnings results on Tuesday, April 29th. The bank reported $1.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.19. The firm had revenue of $8.97 billion during the quarter, compared to analyst estimates of $7.95 billion. Deutsche Bank Aktiengesellschaft had a net margin of 5.76% and a return on equity of 4.61%. On average, sell-side analysts anticipate 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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