Traveka Wealth LLC Makes New $236,000 Investment in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Traveka Wealth LLC invested $236,000 in Deutsche Bank Aktiengesellschaft by acquiring 8,067 shares during the 2nd quarter, as reported in their recent 13F filing.
• Deutsche Bank reported $0.54 earnings per share for the last quarter, missing analysts' estimates of $0.78, despite generating $9.21 billion in revenue.
• Recent analyst ratings on Deutsche Bank are mixed, with four analysts rating it as a Buy, four as Hold, and one as Sell, leading to an average rating of "Hold."

Traveka Wealth LLC acquired a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 8,067 shares of the bank's stock, valued at approximately $236,000.

Several other hedge funds have also bought and sold shares of the stock. Contravisory Investment Management Inc. boosted its position in Deutsche Bank Aktiengesellschaft by 2.9% in the 2nd quarter. Contravisory Investment Management Inc. now owns 12,223 shares of the bank's stock worth $358,000 after purchasing an additional 346 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted 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 worth $57,000 after purchasing an additional 424 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in Deutsche Bank Aktiengesellschaft by 2.2% in the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 21,914 shares of the bank's stock worth $522,000 after purchasing an additional 477 shares in the last quarter. Ballentine Partners LLC boosted its position in Deutsche Bank Aktiengesellschaft by 4.1% in the 1st quarter. Ballentine Partners LLC now owns 17,356 shares of the bank's stock worth $414,000 after purchasing an additional 680 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Deutsche Bank Aktiengesellschaft by 6.5% in the 2nd quarter. Parallel Advisors LLC now owns 11,286 shares of the bank's stock worth $330,000 after purchasing an additional 692 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company's stock.

Deutsche Bank Aktiengesellschaft Trading Down 2.0%

Shares of DB stock opened at $35.22 on Friday. The stock's fifty day moving average is $35.11 and its two-hundred day moving average is $29.38. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market capitalization of $70.15 billion, a P/E ratio of 13.39, a PEG ratio of 0.44 and a beta of 1.03. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $16.02 and a fifty-two week high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The bank reported $0.54 earnings per share 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 analysts' expectations of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. Research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

DB has been the topic of a number of recent analyst reports. Citigroup reiterated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Kepler Capital Markets lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 28th. Bank of America initiated coverage on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They set a "buy" rating on the stock. The Goldman Sachs Group lowered Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a research report on Tuesday, August 26th. Finally, Zacks Research lowered Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 22nd. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average 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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