Raymond James Financial Inc. Increases Holdings in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Raymond James Financial Inc. increased its holdings in Deutsche Bank Aktiengesellschaft by 36.9% during the first quarter, acquiring an additional 139,849 shares to reach a total of 518,941 shares worth approximately $12.43 million.
• Several hedge funds, including Stifel Financial Corp and Northern Trust Corp, have also significantly increased their positions in Deutsche Bank, indicating growing institutional interest.
• Analysts have mixed opinions on Deutsche Bank, with Zacks Research downgrading the stock from a "strong-buy" to a "hold," while Royal Bank of Canada maintains an "outperform" rating.

Raymond James Financial Inc. grew its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 36.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 518,941 shares of the bank's stock after purchasing an additional 139,849 shares during the quarter. Raymond James Financial Inc.'s holdings in Deutsche Bank Aktiengesellschaft were worth $12,434,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC boosted its position in Deutsche Bank Aktiengesellschaft by 96.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock worth $39,000 after buying an additional 800 shares during the period. Zions Bancorporation National Association UT acquired a new stake in Deutsche Bank Aktiengesellschaft in the first quarter valued at $39,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Deutsche Bank Aktiengesellschaft by 21.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock worth $57,000 after buying an additional 424 shares during the period. Federated Hermes Inc. lifted its holdings in Deutsche Bank Aktiengesellschaft by 651.9% during the 1st quarter. Federated Hermes Inc. now owns 4,910 shares of the bank's stock worth $116,000 after buying an additional 4,257 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Deutsche Bank Aktiengesellschaft by 2,319.7% in 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 during the last quarter. Institutional investors and hedge funds own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of Deutsche Bank Aktiengesellschaft stock traded up $0.01 on Wednesday, reaching $34.74. The stock had a trading volume of 1,658,811 shares, compared to its average volume of 3,221,669. The business's 50 day moving average is $32.91 and its two-hundred day moving average is $27.73. 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 has a 1 year low of $15.20 and a 1 year high of $37.54. The company has a market cap of $69.19 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 0.43 and a beta of 1.03.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released 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). Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%.The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. As a group, research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DB. Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating on the stock. Citigroup reaffirmed a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. The Goldman Sachs Group downgraded shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 26th. Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. Finally, Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Deutsche Bank Aktiengesellschaft presently has an average rating of "Hold".

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.