Sagespring Wealth Partners LLC Acquires New Holdings in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Sagespring Wealth Partners LLC has acquired a new stake in Deutsche Bank Aktiengesellschaft, purchasing 11,376 shares valued at approximately $333,000 in the second quarter.
• Deutsche Bank's recent earnings report revealed an EPS of $0.54, missing estimates by 24 cents, while revenue exceeded expectations at $9.21 billion.
• Analyst ratings for Deutsche Bank are mixed, with reports indicating a "Moderate Buy" average rating among various brokerages.

Sagespring Wealth Partners LLC bought a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,376 shares of the bank's stock, valued at approximately $333,000.

A number of other hedge funds also recently made changes to their positions in the business. Opal Wealth Advisors LLC acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter worth approximately $25,000. 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 acquiring an additional 800 shares during the period. Zions Bancorporation National Association UT bought a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth $39,000. Founders Capital Management acquired a new position in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at $73,000. Finally, AdvisorNet Financial Inc bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the second quarter valued at about $90,000. Institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Stock Performance

NYSE:DB opened at $33.59 on Friday. The company has a 50-day moving average of $35.80 and a 200-day moving average of $30.59. The firm has a market cap of $66.90 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 0.42 and a beta of 0.98. 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 twelve month low of $16.02 and a twelve month high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its earnings results on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.24). The business had revenue of $9.21 billion for 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%. Analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on DB. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Weiss Ratings reiterated a "buy (b)" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Wednesday, October 8th. Zacks Research cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy".

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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