HighTower Advisors LLC Purchases Shares of 53,865 Deutsche Bank Aktiengesellschaft $DB

HighTower Advisors LLC purchased a new stake in Deutsche Bank Aktiengesellschaft (NYSE:DB) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 53,865 shares of the bank’s stock, valued at approximately $1,284,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of DB. Farther Finance Advisors LLC raised its holdings in Deutsche Bank Aktiengesellschaft by 96.5% during the 1st 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. Zions Bancorporation National Association UT acquired a new position in shares of Deutsche Bank Aktiengesellschaft in the first quarter worth about $39,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 21.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 2,412 shares of the bank’s stock worth $57,000 after buying an additional 424 shares during the period. Federated Hermes Inc. boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 651.9% in the first quarter. Federated Hermes Inc. now owns 4,910 shares of the bank’s stock worth $116,000 after buying an additional 4,257 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Deutsche Bank Aktiengesellschaft by 2,319.7% in the first quarter. GAMMA Investing LLC now owns 6,267 shares of the bank’s stock worth $149,000 after buying an additional 6,008 shares during the period. 27.90% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DB. Cfra Research raised shares of Deutsche Bank Aktiengesellschaft from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, April 30th. Bank of America began coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a “buy” rating on the stock. Royal Bank Of Canada restated an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Wall Street Zen downgraded Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Citigroup restated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. One investment 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Deutsche Bank Aktiengesellschaft Stock Performance

Deutsche Bank Aktiengesellschaft stock opened at $36.94 on Tuesday. 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 stock has a fifty day moving average price of $32.01 and a two-hundred day moving average price of $27.13. Deutsche Bank Aktiengesellschaft has a 52-week low of $15.20 and a 52-week high of $37.54. The firm has a market capitalization of $73.59 billion, a P/E ratio of 14.05, a P/E/G ratio of 0.45 and a beta of 1.02.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.24). The business had revenue of $9.21 billion during the quarter, compared to analyst estimates of $7.80 billion. Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. As a group, 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.