Wealth Enhancement Advisory Services LLC Grows Stock Position in Deutsche Bank Aktiengesellschaft $DB

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Deutsche Bank Aktiengesellschaft by 74.9%, resulting in ownership of 41,559 shares worth approximately $1.22 million.
• Various large investors such as Jefferies Financial Group and LPL Financial have also boosted their positions in Deutsche Bank, reflecting growing institutional interest with 27.90% of the stock owned by hedge funds and other institutional investors.
• Deutsche Bank reported earnings of $0.54 per share in its latest quarterly results, which missed analyst estimates, with a revenue of $9.21 billion exceeding forecasts of $7.80 billion.

Wealth Enhancement Advisory Services LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) by 74.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,559 shares of the bank's stock after buying an additional 17,796 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Deutsche Bank Aktiengesellschaft were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Jefferies Financial Group Inc. purchased a new position in Deutsche Bank Aktiengesellschaft during the first quarter worth about $2,308,000. Northern Trust Corp lifted its position in Deutsche Bank Aktiengesellschaft by 4.7% during the first quarter. Northern Trust Corp now owns 1,504,175 shares of the bank's stock worth $35,844,000 after buying an additional 66,892 shares during the period. LPL Financial LLC lifted its position in Deutsche Bank Aktiengesellschaft by 139.4% during the first quarter. LPL Financial LLC now owns 70,463 shares of the bank's stock worth $1,679,000 after buying an additional 41,028 shares during the period. Sequoia Financial Advisors LLC lifted its position in Deutsche Bank Aktiengesellschaft by 6.3% during the first quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank's stock worth $360,000 after buying an additional 900 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 3.7% in the 1st quarter. American Century Companies Inc. now owns 930,135 shares of the bank's stock worth $22,165,000 after purchasing an additional 33,027 shares during the period. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on DB shares. Citigroup restated a "sell" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Zacks Research downgraded Deutsche Bank Aktiengesellschaft from a "strong-buy" rating to a "hold" rating in a report on Friday, August 22nd. The Goldman Sachs Group downgraded Deutsche Bank Aktiengesellschaft from a "buy" rating to a "neutral" rating in a report on Tuesday, August 26th. Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a "buy" rating on the stock. Finally, Royal Bank Of Canada restated an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold".

Deutsche Bank Aktiengesellschaft Price Performance

Shares of DB opened at $35.38 on Wednesday. The firm has a market cap of $70.48 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.43 and a beta of 1.03. The stock has a 50 day moving average of $35.43 and a 200-day moving average of $29.67. 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 52 week low of $16.02 and a 52 week high of $37.86.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last issued 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 firm had revenue of $9.21 billion during the quarter, compared to analyst estimates of $7.80 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%. As a group, analysts forecast that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

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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