Sage Rhino Capital LLC Invests $246,000 in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Sage Rhino Capital LLC invested approximately $246,000 in Deutsche Bank Aktiengesellschaft by acquiring 8,414 shares in the second quarter.
• Deutsche Bank's quarterly earnings report showed $0.54 earnings per share, falling short of the consensus estimate of $0.78, despite revenue exceeding expectations at $9.21 billion.
• The consensus rating for Deutsche Bank stock is currently at "Hold", with 4 analysts recommending a Buy, 4 a Hold, and 1 a Sell.

Sage Rhino Capital LLC bought a new stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,414 shares of the bank's stock, valued at approximately $246,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter valued at about $25,000. Zions Bancorporation National Association UT bought a new stake in Deutsche Bank Aktiengesellschaft during the first quarter worth approximately $39,000. Farther Finance Advisors LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 96.5% in the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock valued at $39,000 after buying an additional 800 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 valued at $57,000 after acquiring an additional 424 shares during the last quarter. Finally, AdvisorNet Financial Inc bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth $90,000. 27.90% of the stock is owned by institutional investors and hedge funds.

Deutsche Bank Aktiengesellschaft Stock Performance

DB stock opened at $35.69 on Friday. The firm has a 50 day simple moving average of $35.23 and a 200 day simple moving average of $29.51. Deutsche Bank Aktiengesellschaft has a 52 week low of $16.02 and a 52 week high of $37.86. The stock has a market cap of $71.10 billion, a P/E ratio of 13.57, a P/E/G ratio of 0.44 and a beta of 1.03. 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 released its quarterly earnings data 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). The company had revenue of $9.21 billion during the quarter, compared to analyst estimates of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. Research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

DB has been the topic of a number of recent analyst reports. Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Citigroup reaffirmed a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They issued a "buy" rating for the company. Finally, Zacks Research cut shares of Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Four investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

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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