Raymond James & Associates Purchases 7,420 Shares of Deutsche Bank Aktiengesellschaft (NYSE:DB)

Raymond James & Associates grew its position in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 21.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 42,067 shares of the bank’s stock after acquiring an additional 7,420 shares during the quarter. Raymond James & Associates’ holdings in Deutsche Bank Aktiengesellschaft were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Deutsche Bank AG lifted its holdings in shares of Deutsche Bank Aktiengesellschaft by 64.0% during the 3rd quarter. Deutsche Bank AG now owns 53,995,538 shares of the bank’s stock valued at $593,411,000 after buying an additional 21,080,301 shares during the period. American Century Companies Inc. increased its stake in shares of Deutsche Bank Aktiengesellschaft by 5.6% in the 3rd quarter. American Century Companies Inc. now owns 676,884 shares of the bank’s stock worth $7,439,000 after purchasing an additional 36,012 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Deutsche Bank Aktiengesellschaft by 23.0% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,530,094 shares of the bank’s stock worth $39,057,000 after purchasing an additional 661,034 shares in the last quarter. Toronto Dominion Bank purchased a new stake in shares of Deutsche Bank Aktiengesellschaft in the 3rd quarter worth $10,511,000. Finally, Wellington Management Group LLP increased its stake in shares of Deutsche Bank Aktiengesellschaft by 55.3% in the 3rd quarter. Wellington Management Group LLP now owns 428,016 shares of the bank’s stock worth $4,736,000 after purchasing an additional 152,446 shares in the last quarter. 27.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DB has been the subject of several analyst reports. Morgan Stanley upgraded Deutsche Bank Aktiengesellschaft from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, March 27th. Erste Group Bank upgraded Deutsche Bank Aktiengesellschaft from a “sell” rating to a “hold” rating in a research note on Wednesday, March 13th. StockNews.com upgraded Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research note on Monday, March 18th. Finally, Citigroup lowered Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Trading Up 8.7 %

Shares of DB stock opened at $17.92 on Friday. Deutsche Bank Aktiengesellschaft has a 52-week low of $9.82 and a 52-week high of $17.95. The company has a debt-to-equity ratio of 1.56, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $37.03 billion, a PE ratio of 8.18, a PEG ratio of 0.93 and a beta of 1.32. The stock has a fifty day simple moving average of $14.90 and a two-hundred day simple moving average of $13.25.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its quarterly earnings results on Friday, February 2nd. The bank reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.35. The business had revenue of $5.81 billion during the quarter, compared to analyst estimates of $7.46 billion. Deutsche Bank Aktiengesellschaft had a return on equity of 5.37% and a net margin of 6.86%. On average, analysts predict that Deutsche Bank Aktiengesellschaft will post 2.22 EPS for the current fiscal 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.