Wealth Enhancement Advisory Services LLC Takes $240,000 Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Wealth Enhancement Advisory Services LLC purchased a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 14,079 shares of the bank’s stock, valued at approximately $240,000.

A number of other institutional investors also recently modified their holdings of DB. Jones Financial Companies Lllp grew its stake in shares of Deutsche Bank Aktiengesellschaft by 1,270.5% in the fourth quarter. Jones Financial Companies Lllp now owns 4,043 shares of the bank’s stock worth $69,000 after acquiring an additional 3,748 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Deutsche Bank Aktiengesellschaft by 218.4% in the fourth quarter. Smartleaf Asset Management LLC now owns 7,278 shares of the bank’s stock worth $125,000 after acquiring an additional 4,992 shares during the last quarter. Headlands Technologies LLC boosted its stake in Deutsche Bank Aktiengesellschaft by 3,320.8% during the fourth quarter. Headlands Technologies LLC now owns 8,894 shares of the bank’s stock worth $152,000 after buying an additional 8,634 shares in the last quarter. Lake Street Advisors Group LLC acquired a new stake in Deutsche Bank Aktiengesellschaft during the fourth quarter worth $172,000. Finally, Vise Technologies Inc. acquired a new stake in Deutsche Bank Aktiengesellschaft during the fourth quarter worth $176,000. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Up 2.0%

Shares of NYSE:DB opened at $28.10 on Tuesday. Deutsche Bank Aktiengesellschaft has a 52 week low of $13.70 and a 52 week high of $29.07. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.78 and a current ratio of 0.74. The company’s fifty day moving average is $26.41 and its 200-day moving average is $22.29. The company has a market capitalization of $55.97 billion, a PE ratio of 20.21 and a beta of 0.98.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results 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 net margin of 4.66% and a return on equity of 3.90%. The company had revenue of $8.97 billion for the quarter, compared to the consensus estimate of $7.95 billion. Equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Bank of America assumed coverage on shares of Deutsche Bank Aktiengesellschaft in a research note on Tuesday, June 10th. They set a “buy” rating on the stock. Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, March 7th. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, April 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, March 24th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

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.