Sequoia Financial Advisors LLC Has $360,000 Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Sequoia Financial Advisors LLC grew its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 6.3% during the first quarter, Holdings Channel.com reports. The firm owned 15,089 shares of the bank’s stock after acquiring an additional 900 shares during the period. Sequoia Financial Advisors LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $360,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Capital International Investors boosted its stake in Deutsche Bank Aktiengesellschaft by 9.4% in the fourth quarter. Capital International Investors now owns 87,660,818 shares of the bank’s stock worth $1,510,097,000 after purchasing an additional 7,558,488 shares in the last quarter. Norges Bank bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the fourth quarter worth $773,016,000. Amundi raised its position in shares of Deutsche Bank Aktiengesellschaft by 23.6% during the fourth quarter. Amundi now owns 39,176,325 shares of the bank’s stock worth $678,926,000 after acquiring an additional 7,484,594 shares during the last quarter. Marshall Wace LLP raised its position in shares of Deutsche Bank Aktiengesellschaft by 18.7% during the fourth quarter. Marshall Wace LLP now owns 15,034,039 shares of the bank’s stock worth $258,903,000 after acquiring an additional 2,369,480 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Deutsche Bank Aktiengesellschaft by 199.8% during the fourth quarter. Franklin Resources Inc. now owns 12,931,689 shares of the bank’s stock worth $222,715,000 after acquiring an additional 8,617,662 shares during the last quarter. Institutional investors and hedge funds own 27.90% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DB. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, March 7th. Cfra Research upgraded Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, April 30th. Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. Finally, Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a research report on Tuesday, June 10th. They set a “buy” rating for the company. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Trading Up 0.3%

NYSE DB opened at $29.19 on Friday. The stock has a 50-day simple moving average of $27.82 and a 200 day simple moving average of $23.21. The company has a market capitalization of $58.15 billion, a PE ratio of 17.38, a P/E/G ratio of 0.37 and a beta of 0.97. 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 12 month low of $13.70 and a 12 month high of $30.50.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings data on Tuesday, April 29th. The bank reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.19. The business had revenue of $8.97 billion during the quarter, compared to the consensus estimate of $7.95 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 4.61% and a net margin of 5.76%. Research analysts forecast 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.