LPL Financial LLC Buys 41,028 Shares of Deutsche Bank Aktiengesellschaft $DB

LPL Financial LLC increased its stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 139.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,463 shares of the bank’s stock after purchasing an additional 41,028 shares during the period. LPL Financial LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,679,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DB. Farther Finance Advisors LLC raised its position in Deutsche Bank Aktiengesellschaft by 96.5% in the 1st quarter. Farther Finance Advisors LLC now owns 1,629 shares of the bank’s stock worth $39,000 after purchasing an additional 800 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Deutsche Bank Aktiengesellschaft by 21.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank’s stock worth $57,000 after purchasing an additional 424 shares during the last quarter. GAMMA Investing LLC raised its position in Deutsche Bank Aktiengesellschaft by 2,319.7% in the 1st quarter. GAMMA Investing LLC now owns 6,267 shares of the bank’s stock worth $149,000 after purchasing an additional 6,008 shares during the last quarter. Sava Infond d.o.o. bought a new position in Deutsche Bank Aktiengesellschaft in the 1st quarter worth approximately $151,000. Finally, Lindbrook Capital LLC raised its position in Deutsche Bank Aktiengesellschaft by 22.7% in the 1st quarter. Lindbrook Capital LLC now owns 7,185 shares of the bank’s stock worth $171,000 after purchasing an additional 1,331 shares during the last quarter. Institutional investors own 27.90% of the company’s stock.

Deutsche Bank Aktiengesellschaft Stock Up 0.3%

Shares of DB stock opened at $36.6850 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. The firm’s 50-day moving average is $31.64 and its 200-day moving average is $26.78. The stock has a market cap of $73.08 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.45 and a beta of 1.02. Deutsche Bank Aktiengesellschaft has a 52-week low of $15.20 and a 52-week high of $36.99.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last issued its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. Sell-side analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Cfra Research upgraded shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, April 30th. Wall Street Zen lowered shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Bank of America began coverage on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They set a “buy” rating for the company. Finally, Citigroup reaffirmed a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

About Deutsche Bank Aktiengesellschaft

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.