Wealth Enhancement Advisory Services LLC Invests $240,000 in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Wealth Enhancement Advisory Services LLC acquired a new position in Deutsche Bank Aktiengesellschaft (NYSE:DB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 14,079 shares of the bank's stock, valued at approximately $240,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Jones Financial Companies Lllp lifted its position in shares of Deutsche Bank Aktiengesellschaft by 1,270.5% in the 4th quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank's stock worth $69,000 after acquiring an additional 3,748 shares during the period. Smartleaf Asset Management LLC raised its position in Deutsche Bank Aktiengesellschaft by 218.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank's stock worth $125,000 after purchasing an additional 4,992 shares in the last quarter. Headlands Technologies LLC raised its holdings in shares of Deutsche Bank Aktiengesellschaft by 3,320.8% in the 4th quarter. Headlands Technologies LLC now owns 8,894 shares of the bank's stock worth $152,000 after buying an additional 8,634 shares in the last quarter. Lake Street Advisors Group LLC acquired a new position in Deutsche Bank Aktiengesellschaft during the fourth quarter worth $172,000. Finally, Vise Technologies Inc. bought a new stake in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter worth about $176,000. 27.90% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DB. Cfra Research raised Deutsche Bank Aktiengesellschaft from a "moderate sell" rating to a "hold" rating in a report on Wednesday, April 30th. Bank of America began coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They issued a "buy" rating for the company. Morgan Stanley reiterated an "overweight" rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Deutsche Bank Aktiengesellschaft Trading Up 1.1%

NYSE DB traded up $0.31 during trading on Thursday, reaching $27.74. 2,438,248 shares of the stock traded hands, compared to its average volume of 2,466,814. Deutsche Bank Aktiengesellschaft has a fifty-two week low of $13.70 and a fifty-two week high of $29.07. The firm has a market cap of $55.25 billion, a price-to-earnings ratio of 16.51, a price-to-earnings-growth ratio of 0.35 and a beta of 0.98. The company has a quick ratio of 0.79, a current ratio of 0.79 and a debt-to-equity ratio of 1.39. The stock's 50-day moving average price is $26.63 and its 200 day moving average price is $22.36.

Deutsche Bank Aktiengesellschaft (NYSE:DB - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The bank reported $1.04 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.19. Deutsche Bank Aktiengesellschaft had a return on equity of 4.61% and a net margin of 5.76%. The company had revenue of $8.97 billion for the quarter, compared to analyst estimates of $7.95 billion. Analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Deutsche Bank Aktiengesellschaft 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.