Farther Finance Advisors LLC Boosts Stock Position in Deutsche Bank Aktiengesellschaft $DB

Farther Finance Advisors LLC boosted its stake in shares of Deutsche Bank Aktiengesellschaft (NYSE:DB) by 46.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,387 shares of the bank’s stock after acquiring an additional 758 shares during the quarter. Farther Finance Advisors LLC’s holdings in Deutsche Bank Aktiengesellschaft were worth $70,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of DB. GQG Partners LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at about $470,716,000. Entrust Global Partners L L C purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at about $365,750,000. Deutsche Bank AG boosted its holdings in Deutsche Bank Aktiengesellschaft by 10.0% during the 1st quarter. Deutsche Bank AG now owns 47,662,928 shares of the bank’s stock valued at $1,135,808,000 after acquiring an additional 4,322,086 shares during the period. Appaloosa LP purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at about $89,362,000. Finally, Causeway Capital Management LLC purchased a new stake in Deutsche Bank Aktiengesellschaft during the 1st quarter valued at about $36,066,000. 27.90% of the stock is currently owned by hedge funds and other institutional investors.

Deutsche Bank Aktiengesellschaft Stock Up 1.0%

Shares of NYSE:DB opened at $35.64 on Monday. Deutsche Bank Aktiengesellschaft has a 52-week low of $16.02 and a 52-week high of $37.86. The firm has a market capitalization of $70.99 billion, a P/E ratio of 13.55, a P/E/G ratio of 0.44 and a beta of 0.98. The stock has a 50 day moving average price of $35.59 and a 200-day moving average price of $29.94. 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 (NYSE:DB) last announced its earnings results on Thursday, July 24th. The bank reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.24). Deutsche Bank Aktiengesellschaft had a return on equity of 6.01% and a net margin of 7.67%.The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. As a group, equities research analysts anticipate that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DB has been the subject of several analyst reports. Citigroup restated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Friday, July 25th. Bank of America assumed coverage on Deutsche Bank Aktiengesellschaft in a report on Tuesday, June 10th. They issued a “buy” rating for the company. Kepler Capital Markets cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a report on Monday, July 28th. Wall Street Zen cut Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Tuesday, September 2nd. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold”.

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.