Cerity Partners LLC Has $3.21 Million Position in Deutsche Bank Aktiengesellschaft (NYSE:DB)

Cerity Partners LLC raised its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 25.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,734 shares of the bank’s stock after acquiring an additional 27,514 shares during the period. Cerity Partners LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $3,211,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Capital International Investors increased its stake in shares of Deutsche Bank Aktiengesellschaft by 9.4% in the 4th quarter. Capital International Investors now owns 87,660,818 shares of the bank’s stock valued at $1,510,097,000 after purchasing an additional 7,558,488 shares during the last quarter. Norges Bank acquired a new stake in Deutsche Bank Aktiengesellschaft in the fourth quarter valued at about $773,016,000. Marshall Wace LLP grew its position in Deutsche Bank Aktiengesellschaft by 18.7% in the fourth quarter. Marshall Wace LLP now owns 15,034,039 shares of the bank’s stock valued at $258,903,000 after acquiring an additional 2,369,480 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Deutsche Bank Aktiengesellschaft by 199.8% in the 4th quarter. Franklin Resources Inc. now owns 12,931,689 shares of the bank’s stock valued at $222,715,000 after purchasing an additional 8,617,662 shares in the last quarter. Finally, Capital International Inc. CA increased its position in Deutsche Bank Aktiengesellschaft by 23.4% during the 4th quarter. Capital International Inc. CA now owns 9,269,824 shares of the bank’s stock worth $159,774,000 after purchasing an additional 1,755,675 shares in the last quarter. 27.90% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Wednesday, April 30th. Bank of America started coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Monday, March 24th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE:DB opened at $29.93 on Friday. 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 $13.70 and a 52 week high of $30.50. The firm has a market cap 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. The firm’s fifty day moving average is $28.52 and its 200-day moving average is $24.17.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Tuesday, April 29th. The bank reported $1.04 EPS for the quarter, topping the consensus estimate of $0.85 by $0.19. Deutsche Bank Aktiengesellschaft had a return on equity of 4.61% and a net margin of 5.76%. The firm had revenue of $8.97 billion for the quarter, compared to the consensus estimate of $7.95 billion. Sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 earnings per share for the current year.

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.