Truist Financial Corp Has $1.66 Million Holdings in Deutsche Bank Aktiengesellschaft $DB

Truist Financial Corp raised its holdings in Deutsche Bank Aktiengesellschaft (NYSE:DB) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,816 shares of the bank’s stock after buying an additional 1,046 shares during the period. Truist Financial Corp’s holdings in Deutsche Bank Aktiengesellschaft were worth $1,664,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HB Wealth Management LLC bought a new stake in Deutsche Bank Aktiengesellschaft in the 2nd quarter valued at $256,000. GC Wealth Management RIA LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft in the second quarter valued at about $535,000. Sage Rhino Capital LLC bought a new position in shares of Deutsche Bank Aktiengesellschaft in the second quarter valued at about $246,000. FCG Investment Co bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth about $860,000. Finally, Five Oceans Advisors bought a new stake in shares of Deutsche Bank Aktiengesellschaft during the 2nd quarter worth about $235,000. 27.90% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DB shares. Morgan Stanley restated an “overweight” rating on shares of Deutsche Bank Aktiengesellschaft in a research report on Tuesday, September 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of Deutsche Bank Aktiengesellschaft in a report on Monday, July 28th. Citigroup restated a “sell” rating on shares of Deutsche Bank Aktiengesellschaft in a research note on Friday, July 25th. Zacks Research cut Deutsche Bank Aktiengesellschaft from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 22nd. Finally, The Goldman Sachs Group cut shares of Deutsche Bank Aktiengesellschaft from a “buy” rating to a “neutral” rating in a research report on Tuesday, August 26th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Deutsche Bank Aktiengesellschaft Price Performance

Shares of NYSE:DB opened at $34.56 on Friday. The firm has a 50 day moving average of $35.79 and a 200-day moving average of $30.26. Deutsche Bank Aktiengesellschaft has a 12 month low of $16.02 and a 12 month high of $37.86. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.39. The stock has a market capitalization of $68.85 billion, a PE ratio of 13.14, a PEG ratio of 0.42 and a beta of 0.98.

Deutsche Bank Aktiengesellschaft (NYSE:DB) last announced its quarterly earnings data 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). Deutsche Bank Aktiengesellschaft had a net margin of 7.67% and a return on equity of 6.01%. The firm had revenue of $9.21 billion during the quarter, compared to the consensus estimate of $7.80 billion. On average, equities research analysts predict that Deutsche Bank Aktiengesellschaft will post 2.93 EPS for the current fiscal year.

Deutsche Bank Aktiengesellschaft 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.