Allworth Financial LP Has $35,000 Stock Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Allworth Financial LP lowered its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 78.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,392 shares of the bank’s stock after selling 5,125 shares during the quarter. Allworth Financial LP’s holdings in Deutsche Bank Aktiengesellschaft were worth $35,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DB. Charles Schwab Investment Management Inc. lifted its stake in Deutsche Bank Aktiengesellschaft by 13.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 163,234 shares of the bank’s stock worth $2,783,000 after acquiring an additional 19,729 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the 4th quarter valued at about $6,464,000. Avantax Advisory Services Inc. increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 27.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 13,191 shares of the bank’s stock valued at $225,000 after purchasing an additional 2,849 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 1.7% during the fourth quarter. Natixis Advisors LLC now owns 360,383 shares of the bank’s stock worth $6,145,000 after purchasing an additional 5,904 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its position in Deutsche Bank Aktiengesellschaft by 21.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,263 shares of the bank’s stock valued at $243,000 after purchasing an additional 2,503 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DB shares. Cfra Research raised shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, April 30th. Royal Bank Of Canada reissued 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 note on Tuesday, June 10th. They issued a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

NYSE DB opened at $29.93 on Friday. 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 has a market capitalization of $59.62 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 0.39 and a beta of 0.97. Deutsche Bank Aktiengesellschaft has a 12-month low of $13.70 and a 12-month high of $30.50. The company has a 50 day moving average price of $28.52 and a two-hundred day moving average price of $24.17.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last posted its earnings results on Tuesday, April 29th. The bank reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.19. The company had revenue of $8.97 billion for the quarter, compared to analyst estimates of $7.95 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 4.61% and a net margin of 5.76%. As a group, equities analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

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.