Wealth Enhancement Advisory Services LLC Raises Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 68.8% during the first quarter, HoldingsChannel reports. The firm owned 23,763 shares of the bank’s stock after purchasing an additional 9,684 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $567,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 96.5% during the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank’s stock worth $39,000 after purchasing an additional 800 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Deutsche Bank Aktiengesellschaft by 21.3% during 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 during the period. Jones Financial Companies Lllp raised 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 buying an additional 3,748 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 218.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank’s stock worth $125,000 after buying an additional 4,992 shares during the period. Finally, GAMMA Investing LLC raised its position in shares of Deutsche Bank Aktiengesellschaft by 2,319.7% in the 1st quarter. GAMMA Investing LLC now owns 6,267 shares of the bank’s stock worth $149,000 after buying an additional 6,008 shares during the period. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Trading Up 0.3%

NYSE:DB opened at $29.19 on Friday. The business’s 50-day moving average is $27.89 and its two-hundred day moving average is $23.29. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. Deutsche Bank Aktiengesellschaft has a 12 month low of $13.70 and a 12 month high of $30.50. The firm has a market capitalization of $58.15 billion, a PE ratio of 17.38, a price-to-earnings-growth ratio of 0.37 and a beta of 0.97.

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 the consensus estimate 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. Research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.