Envestnet Asset Management Inc. Sells 58,439 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Envestnet Asset Management Inc. decreased its holdings in shares of Deutsche Bank Aktiengesellschaft (NYSE:DBGet Rating) by 33.2% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 117,454 shares of the bank’s stock after selling 58,439 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,027,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of DB. Edmond DE Rothschild Holding S.A. grew its stake in Deutsche Bank Aktiengesellschaft by 384.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 2,545 shares of the bank’s stock worth $33,000 after purchasing an additional 2,020 shares in the last quarter. Parallel Advisors LLC grew its stake in Deutsche Bank Aktiengesellschaft by 47.4% in the second quarter. Parallel Advisors LLC now owns 4,498 shares of the bank’s stock worth $39,000 after purchasing an additional 1,446 shares in the last quarter. Lake Street Advisors Group LLC bought a new position in Deutsche Bank Aktiengesellschaft in the second quarter worth approximately $90,000. Private Advisor Group LLC grew its stake in Deutsche Bank Aktiengesellschaft by 9.9% in the second quarter. Private Advisor Group LLC now owns 14,580 shares of the bank’s stock worth $127,000 after purchasing an additional 1,319 shares in the last quarter. Finally, Shilanski & Associates Inc. grew its stake in Deutsche Bank Aktiengesellschaft by 16.5% in the second quarter. Shilanski & Associates Inc. now owns 16,270 shares of the bank’s stock worth $142,000 after purchasing an additional 2,304 shares in the last quarter.

Analyst Ratings Changes

Several analysts have issued reports on DB shares. Barclays increased their target price on Deutsche Bank Aktiengesellschaft from €11.00 ($11.22) to €11.50 ($11.73) in a research report on Monday, November 14th. Morgan Stanley dropped their target price on Deutsche Bank Aktiengesellschaft from €15.00 ($15.31) to €14.00 ($14.29) and set an “equal weight” rating on the stock in a research report on Thursday, October 13th. Royal Bank of Canada increased their target price on Deutsche Bank Aktiengesellschaft from €11.00 ($11.22) to €11.50 ($11.73) in a research report on Tuesday, November 1st. Credit Suisse Group increased their target price on Deutsche Bank Aktiengesellschaft from €10.00 ($10.20) to €10.50 ($10.71) and gave the company an “underperform” rating in a research report on Thursday, October 27th. Finally, StockNews.com started coverage on Deutsche Bank Aktiengesellschaft in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Deutsche Bank Aktiengesellschaft presently has a consensus rating of “Hold” and an average price target of $12.96.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB stock opened at $10.65 on Thursday. The firm has a market capitalization of $22.01 billion, a price-to-earnings ratio of 6.34, a price-to-earnings-growth ratio of 0.68 and a beta of 1.41. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.72 and a quick ratio of 0.79. The business has a fifty day moving average of $9.03 and a 200 day moving average of $9.14. Deutsche Bank Aktiengesellschaft has a 1 year low of $7.24 and a 1 year high of $16.70.

Deutsche Bank Aktiengesellschaft Profile

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Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. Its Corporate Bank segment provides cash management, trade finance and lending, trust and agency, foreign exchange, and securities services, as well as risk management solutions.

See Also

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Institutional Ownership by Quarter for Deutsche Bank Aktiengesellschaft (NYSE:DB)

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