PDS Planning Inc Makes New Investment in Deutsche Bank Aktiengesellschaft $DB

Key Points

• PDS Planning Inc has acquired a new position in Deutsche Bank Aktiengesellschaft by purchasing 7,542 shares valued at approximately $221,000.
• Institutional interest in Deutsche Bank is growing, with multiple firms such as Wealth Enhancement Advisory and GAMMA Investing making notable investments in recent quarters.
• Deutsche Bank's most recent earnings report showed a missed EPS estimate of $0.54, compared to the expected $0.78, despite revenue surpassing analyst expectations at $9.21 billion.

PDS Planning Inc bought a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,542 shares of the bank's stock, valued at approximately $221,000.

Several other institutional investors have also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the 4th quarter valued at approximately $240,000. GAMMA Investing LLC grew its holdings in Deutsche Bank Aktiengesellschaft by 2,319.7% during the 1st quarter. GAMMA Investing LLC now owns 6,267 shares of the bank's stock valued at $149,000 after buying an additional 6,008 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Deutsche Bank Aktiengesellschaft by 96.5% during the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock valued at $39,000 after acquiring an additional 800 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in Deutsche Bank Aktiengesellschaft by 26.0% during the first quarter. Janney Montgomery Scott LLC now owns 65,901 shares of the bank's stock valued at $1,570,000 after acquiring an additional 13,615 shares in the last quarter. Finally, FNY Investment Advisers LLC purchased a new position in Deutsche Bank Aktiengesellschaft during the first quarter valued at $238,000. Hedge funds and other institutional investors own 27.90% of the company's stock.

Analyst Upgrades and Downgrades

DB has been the subject of a number of research analyst reports. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. 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 restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Kepler Capital Markets cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Monday, July 28th. Finally, The Goldman Sachs Group lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB stock opened at $35.29 on Tuesday. Deutsche Bank Aktiengesellschaft has a twelve month low of $16.02 and a twelve month high of $37.86. The stock has a market capitalization of $70.31 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 0.42 and a beta of 0.98. The stock has a fifty day simple moving average of $35.83 and a two-hundred day simple moving average of $30.38. 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 released 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). Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%.The business had revenue of $9.21 billion during the quarter, compared to analysts' expectations of $7.80 billion. On average, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS 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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