Cetera Investment Advisers Has $1.02 Million Stock Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Cetera Investment Advisers lifted its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 120.4% during the 1st quarter, HoldingsChannel reports. The fund owned 42,833 shares of the bank’s stock after buying an additional 23,395 shares during the period. Cetera Investment Advisers’ holdings in Deutsche Bank Aktiengesellschaft were worth $1,021,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its position in Deutsche Bank Aktiengesellschaft by 21.3% in the first 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. Ballentine Partners LLC lifted its position in Deutsche Bank Aktiengesellschaft by 4.1% in the first quarter. Ballentine Partners LLC now owns 17,356 shares of the bank’s stock worth $414,000 after purchasing an additional 680 shares during the period. Farther Finance Advisors LLC lifted its position in Deutsche Bank Aktiengesellschaft by 96.5% in the first 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. Sequoia Financial Advisors LLC lifted its position in Deutsche Bank Aktiengesellschaft by 6.3% in the first quarter. Sequoia Financial Advisors LLC now owns 15,089 shares of the bank’s stock worth $360,000 after purchasing an additional 900 shares during the period. Finally, USS Investment Management Ltd lifted its position in Deutsche Bank Aktiengesellschaft by 0.4% in the fourth quarter. USS Investment Management Ltd now owns 285,171 shares of the bank’s stock worth $4,918,000 after purchasing an additional 1,133 shares during the period. Institutional investors and hedge funds own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Up 0.2%

Shares of NYSE DB opened at $36.29 on Wednesday. The business has a fifty day moving average of $30.45 and a two-hundred day moving average of $26.01. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.79 and a current ratio of 0.79. Deutsche Bank Aktiengesellschaft has a 52-week low of $14.42 and a 52-week high of $36.46. The stock has a market cap of $72.29 billion, a PE ratio of 13.80, a PEG ratio of 0.44 and a beta of 1.02.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last released its quarterly earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. The business had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. As a group, equities research analysts expect that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on DB shares. Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Friday, July 25th. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Kepler Capital Markets cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Monday, July 28th. Royal Bank Of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Finally, Cfra Research raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

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.