Deutsche Bank Aktiengesellschaft (NYSE:DB) Shares Sold by Allworth Financial LP

Allworth Financial LP cut its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 78.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,392 shares of the bank’s stock after selling 5,125 shares during the period. Allworth Financial LP’s holdings in Deutsche Bank Aktiengesellschaft were worth $35,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in DB. Farther Finance Advisors LLC boosted its position in shares of Deutsche Bank Aktiengesellschaft by 96.5% during the first quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank’s stock worth $39,000 after buying an additional 800 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in Deutsche Bank Aktiengesellschaft by 21.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank’s stock valued at $57,000 after acquiring an additional 424 shares in the last quarter. GAMMA Investing LLC boosted its position in Deutsche Bank Aktiengesellschaft by 2,319.7% during the 1st quarter. GAMMA Investing LLC now owns 6,267 shares of the bank’s stock worth $149,000 after acquiring an additional 6,008 shares during the period. Sava Infond d.o.o. bought a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth $151,000. Finally, Headlands Technologies LLC increased its holdings in shares of Deutsche Bank Aktiengesellschaft by 3,320.8% during the fourth quarter. Headlands Technologies LLC now owns 8,894 shares of the bank’s stock valued at $152,000 after purchasing an additional 8,634 shares during the period. 27.90% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DB has been the subject of a number of recent analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Monday, March 24th. Bank of America initiated coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a “buy” rating for the company. Finally, Cfra Research raised Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a report on Wednesday, April 30th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Deutsche Bank Aktiengesellschaft has a consensus rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Stock Performance

Shares of DB opened at $29.93 on Friday. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.79 and a quick ratio of 0.79. The firm’s 50 day moving average is $28.52 and its 200-day moving average is $24.17. Deutsche Bank Aktiengesellschaft has a 12-month low of $13.70 and a 12-month high of $30.50. The stock has a market capitalization of $59.62 billion, a P/E ratio of 17.82, a P/E/G ratio of 0.39 and a beta of 0.97.

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