Summit Securities Group LLC Makes New $375,000 Investment in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Summit Securities Group LLC acquired a new stake in Deutsche Bank, purchasing 15,723 shares valued at approximately $375,000 during the first quarter.
• Deutsche Bank Aktiengesellschaft reported quarterly earnings of $0.54 per share, missing estimates by $0.24, while revenue stood at $9.21 billion, surpassing expectations.
• As of the latest data, Deutsche Bank has an average analyst rating of “Moderate Buy”, with varying ratings from different firms, including “outperform” and “sell” recommendations.

Summit Securities Group LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 15,723 shares of the bank's stock, valued at approximately $375,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DB. Farther Finance Advisors LLC raised its position in Deutsche Bank Aktiengesellschaft by 96.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank's stock valued at $39,000 after purchasing an additional 800 shares during the last quarter. Zions Bancorporation National Association UT bought a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter valued at $39,000. MassMutual Private Wealth & Trust FSB raised its position in Deutsche Bank Aktiengesellschaft by 21.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank's stock valued at $57,000 after purchasing an additional 424 shares during the last quarter. Federated Hermes Inc. raised its position in Deutsche Bank Aktiengesellschaft by 651.9% in the 1st quarter. Federated Hermes Inc. now owns 4,910 shares of the bank's stock valued at $116,000 after purchasing an additional 4,257 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in 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 purchasing an additional 6,008 shares during the last quarter. 27.90% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Cfra Research raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a research note on Wednesday, April 30th. Kepler Capital Markets cut Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research note on Monday, July 28th. Bank of America initiated coverage on Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a "buy" rating for the company. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, July 28th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Stock Down 0.6%

Shares of Deutsche Bank Aktiengesellschaft stock traded down $0.2150 during trading on Tuesday, reaching $36.3750. The stock had a trading volume of 2,749,808 shares, compared to its average volume of 2,909,124. The company has a market capitalization of $72.46 billion, a price-to-earnings ratio of 13.83, a P/E/G ratio of 0.45 and a beta of 1.02. The stock has a fifty day moving average price of $31.31 and a two-hundred day moving average price of $26.58. Deutsche Bank Aktiengesellschaft has a 52 week low of $15.20 and a 52 week high of $36.99. 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 issued its quarterly earnings results on Thursday, July 24th. The bank reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.24). The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. Sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

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.