Ritholtz Wealth Management Acquires 17,804 Shares of Deutsche Bank Aktiengesellschaft $DB

Key Points

• Ritholtz Wealth Management increased its holdings in Deutsche Bank Aktiengesellschaft by 10.3%, acquiring an additional 17,804 shares to reach a total of 190,681 shares valued at approximately $5.58 million.
• Deutsche Bank reported an earnings miss with an EPS of $0.54, falling short of estimates of $0.78, while revenues exceeded expectations at $9.21 billion.
• Analysts generally maintain a positive outlook on Deutsche Bank, with several upgrades leading to an average rating of "Moderate Buy", despite a mixed bag of ratings from various institutions.

Ritholtz Wealth Management raised its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 10.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 190,681 shares of the bank's stock after acquiring an additional 17,804 shares during the period. Ritholtz Wealth Management's holdings in Deutsche Bank Aktiengesellschaft were worth $5,583,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Opal Wealth Advisors LLC bought a new stake in Deutsche Bank Aktiengesellschaft during the 2nd quarter worth approximately $25,000. Zions Bancorporation National Association UT acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter valued at approximately $39,000. Farther Finance Advisors LLC increased its position in shares of Deutsche Bank Aktiengesellschaft by 96.5% during the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock worth $39,000 after acquiring an additional 800 shares in the last quarter. Founders Capital Management acquired a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth $73,000. Finally, AdvisorNet Financial Inc bought a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $90,000. Institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Trading Down 0.1%

NYSE DB opened at $35.26 on Wednesday. Deutsche Bank Aktiengesellschaft has a 12 month low of $16.02 and a 12 month high of $37.86. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. The stock has a 50 day moving average of $35.86 and a 200-day moving average of $30.41. The company has a market cap of $70.24 billion, a PE ratio of 13.41, a PEG ratio of 0.43 and a beta of 0.98.

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 the consensus estimate of $0.78 by ($0.24). The firm had revenue of $9.21 billion for the quarter, compared to the consensus estimate of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. On average, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DB shares. Weiss Ratings reissued a "buy (b)" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Wednesday, October 8th. Barclays raised Deutsche Bank Aktiengesellschaft to a "strong-buy" rating in a research report on Friday, October 10th. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Morgan Stanley reiterated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, September 2nd. Finally, The Goldman Sachs Group cut shares of Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Deutsche Bank Aktiengesellschaft presently 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.

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